The Home Depot, Inc. (NYSE:HD) Stake Raised by 1832 Asset Management L.P.

1832 Asset Management L.P. boosted its stake in The Home Depot, Inc. (NYSE:HD) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 730,441 shares of the home improvement retailer’s stock after buying an additional 9,159 shares during the quarter. 1832 Asset Management L.P.’s holdings in Home Depot were worth $251,447,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HD. Fairway Wealth LLC bought a new position in Home Depot during the second quarter valued at approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the fourth quarter worth about $27,000. Kings Path Partners LLC bought a new stake in shares of Home Depot during the 2nd quarter worth about $33,000. Burkett Financial Services LLC acquired a new position in Home Depot during the fourth quarter valued at approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HD. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. Stifel Nicolaus dropped their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Jefferies Financial Group started coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. Evercore ISI decreased their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, UBS Group raised their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

Home Depot Price Performance

Shares of HD stock opened at $389.86 on Friday. The stock’s fifty day moving average is $364.95 and its 200-day moving average is $354.28. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The stock has a market capitalization of $386.59 billion, a PE ratio of 26.15, a PEG ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the firm earned $4.65 EPS. The company’s revenue was up .6% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.