Creative Planning Raises Stock Position in The Home Depot, Inc. (NYSE:HD)

Creative Planning grew its holdings in The Home Depot, Inc. (NYSE:HD) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 513,327 shares of the home improvement retailer’s stock after purchasing an additional 33,703 shares during the quarter. Creative Planning owned 0.05% of Home Depot worth $199,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HD. Fairway Wealth LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $25,000. Kings Path Partners LLC acquired a new position in Home Depot during the 2nd quarter worth approximately $33,000. Denver PWM LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot in the 2nd quarter valued at $47,000. Finally, Quarry LP lifted its position in shares of Home Depot by 36.0% during the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $415.03 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The business’s 50 day moving average is $385.10 and its two-hundred day moving average is $358.53. The stock has a market capitalization of $411.55 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $421.56.

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

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. Oppenheimer increased their target price 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 began coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Stifel Nicolaus lowered their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. Finally, Royal Bank of Canada lowered their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $404.69.

About Home Depot

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.