Arbor Capital Management Inc. ADV Has $1.82 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Arbor Capital Management Inc. ADV cut its holdings in The Home Depot, Inc. (NYSE:HD) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,426 shares of the home improvement retailer’s stock after selling 184 shares during the quarter. Home Depot accounts for 1.6% of Arbor Capital Management Inc. ADV’s investment portfolio, making the stock its 20th largest holding. Arbor Capital Management Inc. ADV’s holdings in Home Depot were worth $1,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morton Community Bank grew its stake in shares of Home Depot by 8.2% in the 2nd quarter. Morton Community Bank now owns 11,428 shares of the home improvement retailer’s stock valued at $3,934,000 after buying an additional 868 shares during the period. Werba Rubin Papier Wealth Management grew its stake in Home Depot by 10.9% in the second quarter. Werba Rubin Papier Wealth Management now owns 1,195 shares of the home improvement retailer’s stock valued at $411,000 after acquiring an additional 117 shares during the period. Paralel Advisors LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $2,048,000. Waddell & Associates LLC raised its position in shares of Home Depot by 1.5% during the second quarter. Waddell & Associates LLC now owns 5,037 shares of the home improvement retailer’s stock worth $1,734,000 after purchasing an additional 72 shares during the period. Finally, Ausdal Financial Partners Inc. grew its position in Home Depot by 4.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 3,481 shares of the home improvement retailer’s stock valued at $1,198,000 after purchasing an additional 164 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Loop Capital dropped their price target on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Royal Bank of Canada cut their price target 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. DA Davidson increased their price objective on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Jefferies Financial Group started coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Trading Down 0.5 %

Shares of Home Depot stock opened at $360.05 on Monday. The stock has a market capitalization of $357.63 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.49 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. 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 stock’s 50-day simple moving average is $357.27 and its 200 day simple moving average is $353.97.

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 company had revenue of $43.18 billion for 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 681.27%. During the same quarter in the previous year, the firm posted $4.65 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Home Depot 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.