Jaffetilchin Investment Partners LLC Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Jaffetilchin Investment Partners LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,842 shares of the home improvement retailer’s stock after buying an additional 399 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Home Depot were worth $5,204,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Core Wealth Partners LLC boosted its position in Home Depot by 1.7% during the 3rd quarter. Core Wealth Partners LLC now owns 2,421 shares of the home improvement retailer’s stock valued at $981,000 after acquiring an additional 40 shares in the last quarter. Alaska Wealth Advisors purchased a new position in shares of Home Depot in the 3rd quarter valued at approximately $206,000. Weil Company Inc. boosted its position in shares of Home Depot by 3.6% during the third quarter. Weil Company Inc. now owns 1,873 shares of the home improvement retailer’s stock valued at $759,000 after purchasing an additional 65 shares in the last quarter. Addison Advisors LLC boosted its position in shares of Home Depot by 0.8% during the third quarter. Addison Advisors LLC now owns 4,243 shares of the home improvement retailer’s stock valued at $1,719,000 after purchasing an additional 33 shares in the last quarter. Finally, GDS Wealth Management grew its stake in Home Depot by 7.4% in the third quarter. GDS Wealth Management now owns 35,195 shares of the home improvement retailer’s stock worth $14,261,000 after purchasing an additional 2,433 shares during the period. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. TD Cowen raised their price objective on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Evercore ISI lowered their price target 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. DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the company from $360.00 to $455.00 in a research note on Friday. Finally, Sanford C. Bernstein began coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $420.04.

Home Depot Stock Performance

Shares of HD opened at $407.50 on Monday. The firm has a market capitalization of $404.77 billion, a P/E ratio of 27.31, a PEG ratio of 2.81 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 one year low of $287.24 and a one year high of $421.56. The business has a fifty day moving average of $395.19 and a 200 day moving average of $364.23.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the previous year, the company posted $4.65 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. 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 2.21%. Home Depot’s dividend payout ratio is currently 60.57%.

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.