WoodTrust Financial Corp Buys 1,655 Shares of The Home Depot, Inc. (NYSE:HD)

WoodTrust Financial Corp lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,723 shares of the home improvement retailer’s stock after purchasing an additional 1,655 shares during the quarter. Home Depot accounts for about 1.6% of WoodTrust Financial Corp’s portfolio, making the stock its 18th biggest position. WoodTrust Financial Corp’s holdings in Home Depot were worth $11,233,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HD. Fairway Wealth LLC acquired a new stake in Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot during the 2nd quarter worth approximately $33,000. Denver PWM LLC bought a new position in shares of Home Depot during the 2nd quarter worth approximately $40,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot during the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HD. Morgan Stanley boosted their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a report on Wednesday, October 2nd. DA Davidson upped their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and upped their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $416.37.

Home Depot Trading Down 3.0 %

NYSE HD opened at $388.19 on Thursday. The company has a fifty day moving average of $393.80 and a 200 day moving average of $363.10. The company has a market capitalization of $385.59 billion, a PE ratio of 26.12, a P/E/G ratio of 2.74 and a beta of 1.01. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the prior year, the company earned $4.65 EPS. Home Depot’s revenue was up .6% compared to the same quarter last year. Research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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 dividend of $2.25 per share. 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 2.32%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

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.