The Home Depot, Inc. (NYSE:HD) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 7.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,975 shares of the home improvement retailer’s stock after selling 334 shares during the period. D.B. Root & Company LLC’s holdings in Home Depot were worth $1,611,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Home Depot in the second quarter worth $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot in the second quarter worth $33,000. Denver PWM LLC acquired a new position in shares of Home Depot in the second quarter worth $40,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the third quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot during the second quarter valued at about $47,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of HD stock opened at $388.19 on Thursday. The Home Depot, Inc. has a 12-month low of $286.79 and a 12-month high of $421.56. The firm has a market capitalization of $385.59 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.01. 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 firm has a fifty day moving average of $393.80 and a 200-day moving average of $363.10.

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, topping analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.65 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.32%. Home Depot’s dividend payout ratio is 60.57%.

Analyst Upgrades and Downgrades

HD has been the topic of several recent research reports. Stifel Nicolaus cut 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. Wells Fargo & Company lifted their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday. Guggenheim lifted their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Barclays lifted their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Melius Research began coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $416.37.

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.