The Home Depot, Inc. (NYSE:HD) Shares Sold by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 2.0% during the 3rd quarter, Holdings Channel reports. The fund owned 6,686 shares of the home improvement retailer’s stock after selling 133 shares during the period. Buckingham Capital Management Inc.’s holdings in Home Depot were worth $2,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HD. Fairway Wealth LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at about $25,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter valued at approximately $33,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the 3rd quarter worth approximately $46,000. Denver PWM LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $40,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Home Depot by 68.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.4 %

NYSE HD opened at $407.56 on Monday. 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 stock has a market capitalization of $404.83 billion, a P/E ratio of 27.31, a PEG ratio of 2.81 and a beta of 1.01. The firm’s 50-day moving average is $395.19 and its two-hundred day moving average is $364.23. The Home Depot, Inc. has a 12 month low of $287.24 and a 12 month high of $421.56.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.21%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.57%.

Analysts Set New Price Targets

A number of analysts recently issued reports on HD shares. Oppenheimer increased their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their target price for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Guggenheim lifted their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Barclays increased their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, DA Davidson raised their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. One investment 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $420.04.

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.