ASB Consultores LLC Buys 250 Shares of The Home Depot, Inc. (NYSE:HD)

ASB Consultores LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 23.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,330 shares of the home improvement retailer’s stock after purchasing an additional 250 shares during the period. ASB Consultores LLC’s holdings in Home Depot were worth $539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. James J. Burns & Company LLC lifted its position in shares of Home Depot by 2.0% in the third quarter. James J. Burns & Company LLC now owns 7,649 shares of the home improvement retailer’s stock worth $3,099,000 after purchasing an additional 150 shares in the last quarter. Moloney Securities Asset Management LLC lifted its position in Home Depot by 4.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 12,597 shares of the home improvement retailer’s stock worth $5,105,000 after buying an additional 591 shares in the last quarter. Rational Advisors LLC lifted its position in Home Depot by 570.7% during the 3rd quarter. Rational Advisors LLC now owns 5,500 shares of the home improvement retailer’s stock worth $2,229,000 after buying an additional 4,680 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Home Depot by 81.8% in the 3rd quarter. Impax Asset Management Group plc now owns 9,558 shares of the home improvement retailer’s stock valued at $3,873,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. grew its holdings in shares of Home Depot by 13.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 7,290 shares of the home improvement retailer’s stock valued at $2,954,000 after acquiring an additional 840 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Oppenheimer increased their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $413.48.

Home Depot Price Performance

Shares of NYSE HD opened at $395.57 on Tuesday. The business has a fifty day moving average price of $392.94 and a two-hundred day moving average price of $362.47. The stock has a market capitalization of $392.92 billion, a PE ratio of 26.62, a P/E/G ratio of 2.72 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a fifty-two week low of $286.79 and a fifty-two week high of $421.56.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.65 earnings per share. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share 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 given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.28%. Home Depot’s dividend payout ratio is 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.