Amalgamated Bank Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

Amalgamated Bank decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 2.8% in the second quarter, Holdings Channel.com reports. The firm owned 210,331 shares of the home improvement retailer’s stock after selling 6,147 shares during the period. Home Depot makes up approximately 0.6% of Amalgamated Bank’s investment portfolio, making the stock its 19th biggest position. Amalgamated Bank’s holdings in Home Depot were worth $72,404,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in shares of Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after buying an additional 992,444 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Home Depot by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock valued at $3,046,485,000 after acquiring an additional 184,480 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 acquiring an additional 971,833 shares during the last quarter. Jennison Associates LLC grew its position in Home Depot by 13.1% during the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after acquiring an additional 569,690 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Home Depot by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock worth $1,598,316,000 after purchasing an additional 333,312 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HD shares. Royal Bank of Canada dropped their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Evercore ISI lowered their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Loop Capital increased their target price on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $389.04.

Home Depot Price Performance

HD stock opened at $383.46 on Wednesday. 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 firm has a 50 day moving average price of $362.82 and a 200-day moving average price of $353.92. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market capitalization of $380.24 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share 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 analyst estimates of $42.57 billion. During the same quarter last year, the company earned $4.65 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 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.