Consolidated Capital Management LLC Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Consolidated Capital Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 537 shares of the home improvement retailer’s stock, valued at approximately $218,000.

A number of other large investors have also recently bought and sold shares of HD. Fairway Wealth LLC acquired a new stake in Home Depot during the second quarter worth approximately $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $33,000. Denver PWM LLC purchased a new position in Home Depot in the second quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot during the 2nd quarter worth $47,000. Finally, Quarry LP boosted its position in shares of Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HD shares. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. DA Davidson lifted their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Guggenheim upped their price target on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $404.69.

Home Depot Trading Down 0.2 %

Shares of NYSE HD traded down $0.93 during mid-day trading on Thursday, hitting $417.68. 137,029 shares of the company traded hands, compared to its average volume of 3,363,455. The business has a 50 day moving average of $382.42 and a two-hundred day moving average of $357.80. 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 stock has a market capitalization of $414.18 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share 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 firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the previous year, the company posted $4.65 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.15%. Home Depot’s payout ratio is 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.