The Home Depot, Inc. (NYSE:HD) Stock Position Lifted by HBW Advisory Services LLC

HBW Advisory Services LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 64.1% during the third quarter, HoldingsChannel reports. The fund owned 5,075 shares of the home improvement retailer’s stock after purchasing an additional 1,983 shares during the quarter. HBW Advisory Services LLC’s holdings in Home Depot were worth $2,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Texas Capital Bank Wealth Management Services Inc boosted its holdings in Home Depot by 27.6% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock worth $9,348,000 after purchasing an additional 5,879 shares in the last quarter. Empirical Finance LLC boosted its position in Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after purchasing an additional 1,195 shares during the period. Commonwealth Retirement Investments LLC grew its holdings in Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after purchasing an additional 965 shares during the last quarter. Leeward Financial Partners LLC raised its position in shares of Home Depot by 7.3% in the first quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock valued at $4,001,000 after purchasing an additional 711 shares during the period. Finally, Sanibel Captiva Trust Company Inc. bought a new stake in shares of Home Depot during the 4th quarter worth $88,708,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HD shares. Loop Capital upped their price target 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. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Oppenheimer lifted their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Melius Research started coverage on Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective on the stock. Finally, Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $398.54.

Home Depot Trading Down 1.4 %

Shares of NYSE:HD traded down $5.91 during mid-day trading on Friday, reaching $405.67. 2,584,245 shares of the company’s stock were exchanged, compared to its average volume of 3,385,123. The firm has a market capitalization of $402.27 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.71 and a beta of 1.00. The business’s fifty day moving average price is $372.30 and its 200-day moving average price is $356.14. 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 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 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.22%. Home Depot’s payout ratio is 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.