The Home Depot, Inc. (NYSE:HD) Shares Sold by Comerica Bank

Comerica Bank trimmed its position in The Home Depot, Inc. (NYSE:HD) by 0.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 617,842 shares of the home improvement retailer’s stock after selling 2,193 shares during the quarter. Home Depot comprises about 0.9% of Comerica Bank’s portfolio, making the stock its 13th biggest holding. Comerica Bank’s holdings in Home Depot were worth $212,686,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HD. Fairway Wealth LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $25,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot during the 4th quarter valued at about $27,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $33,000. Burkett Financial Services LLC acquired a new position in shares of Home Depot during the 4th quarter valued at about $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Home Depot during the 1st quarter valued at about $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on HD. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Evercore ISI lowered their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Loop Capital boosted their price objective on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday, September 17th. Finally, Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $391.88.

Home Depot Stock Up 0.7 %

HD stock opened at $399.44 on Friday. The company’s 50 day moving average price is $368.10 and its 200 day moving average price is $355.21. 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 fifty-two week low of $274.26 and a fifty-two week high of $403.54. The firm has a market capitalization of $396.09 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.65 earnings per share. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio 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.