The Home Depot, Inc. (NYSE:HD) Stake Raised by Bbjs Financial Advisors LLC

Bbjs Financial Advisors LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 51.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 296 shares of the home improvement retailer’s stock after purchasing an additional 101 shares during the period. Bbjs Financial Advisors LLC’s holdings in Home Depot were worth $120,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC grew its position in Home Depot by 4.3% in the fourth quarter. Scarborough Advisors LLC now owns 1,731 shares of the home improvement retailer’s stock worth $600,000 after acquiring an additional 71 shares in the last quarter. Spartan Planning & Wealth Management boosted its holdings in Home Depot by 38.5% in the fourth quarter. Spartan Planning & Wealth Management now owns 1,764 shares of the home improvement retailer’s stock worth $611,000 after purchasing an additional 490 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Home Depot during the fourth quarter valued at about $863,000. MONECO Advisors LLC lifted its position in shares of Home Depot by 2.3% in the fourth quarter. MONECO Advisors LLC now owns 3,202 shares of the home improvement retailer’s stock worth $1,110,000 after buying an additional 71 shares during the last quarter. Finally, Yeomans Consulting Group Inc. bought a new stake in shares of Home Depot during the 4th quarter worth about $1,567,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HD. Stifel Nicolaus reduced their target price 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 reaffirmed a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. Evercore ISI cut their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Royal Bank of Canada decreased their target price 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. Finally, Guggenheim lifted their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $404.69.

Home Depot Trading Up 0.2 %

NYSE:HD traded up $0.94 during trading hours on Tuesday, hitting $416.36. 1,733,728 shares of the stock were exchanged, compared to its average volume of 3,374,620. The company’s 50 day moving average is $379.66 and its two-hundred day moving average is $357.15. The company has a market capitalization of $412.87 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $4.65 earnings per share. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.16%. Home Depot’s dividend payout ratio is currently 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.