E Fund Management Co. Ltd. Sells 530 Shares of The Home Depot, Inc. (NYSE:HD)

E Fund Management Co. Ltd. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,167 shares of the home improvement retailer’s stock after selling 530 shares during the period. E Fund Management Co. Ltd.’s holdings in Home Depot were worth $2,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Home Depot in the second quarter worth approximately $25,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot during the fourth quarter worth $27,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the second quarter worth $33,000. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Home Depot during the first quarter worth $38,000. Finally, Burkett Financial Services LLC acquired a new position in shares of Home Depot during the fourth quarter worth $38,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group upped their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Thursday, September 12th. Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. Finally, Royal Bank of Canada cut their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $389.04.

Home Depot Trading Up 0.4 %

HD stock opened at $383.46 on Wednesday. The company’s 50-day simple moving average is $362.82 and its 200-day simple moving average is $353.92. 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 Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a market cap of $380.24 billion, a P/E ratio of 25.72, a PEG ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the company posted $4.65 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business 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 was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

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.