Regency Capital Management Inc. DE Reduces Stock Position in The Home Depot, Inc. (NYSE:HD)

Regency Capital Management Inc. DE trimmed its position in The Home Depot, Inc. (NYSE:HD) by 16.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,376 shares of the home improvement retailer’s stock after selling 672 shares during the quarter. Regency Capital Management Inc. DE’s holdings in Home Depot were worth $1,368,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC boosted its position in Home Depot by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock worth $3,046,485,000 after purchasing an additional 184,480 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Home Depot by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock worth $2,931,328,000 after acquiring an additional 100,139 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after purchasing an additional 971,833 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Home Depot by 2.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock valued at $1,980,883,000 after purchasing an additional 138,396 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Home Depot by 13.1% in the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock valued at $1,886,271,000 after purchasing an additional 569,690 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. DA Davidson upped their price objective on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Loop Capital upped their price target on Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday, September 17th. Melius Research initiated coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. UBS Group increased their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Stifel Nicolaus lowered their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $398.54.

Home Depot Stock Down 0.8 %

Shares of Home Depot stock traded down $3.22 during trading hours on Friday, hitting $408.36. 3,983,797 shares of the company’s stock traded hands, compared to its average volume of 3,392,572. The stock has a 50 day simple moving average of $372.30 and a 200-day simple moving average of $356.14. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a market cap of $404.94 billion, a PE ratio of 27.32, a PEG ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $412.97.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The company 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 company’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $4.65 earnings per share. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot’s dividend payout ratio is currently 60.36%.

Home Depot 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.