Commonwealth Equity Services LLC Acquires 9,715 Shares of The Home Depot, Inc. (NYSE:HD)

Commonwealth Equity Services LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 688,621 shares of the home improvement retailer’s stock after acquiring an additional 9,715 shares during the period. Commonwealth Equity Services LLC owned 0.07% of Home Depot worth $237,051,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC raised its holdings in Home Depot by 13.5% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 899 shares of the home improvement retailer’s stock worth $312,000 after purchasing an additional 107 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. grew its position in shares of Home Depot by 1,232.7% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 196,753 shares of the home improvement retailer’s stock worth $68,185,000 after buying an additional 181,990 shares during the period. Gilbert & Cook Inc. increased its stake in shares of Home Depot by 3.9% in the 4th quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock worth $1,475,000 after acquiring an additional 158 shares in the last quarter. Victory Capital Management Inc. lifted its position in Home Depot by 9.2% during the 4th quarter. Victory Capital Management Inc. now owns 667,375 shares of the home improvement retailer’s stock valued at $231,279,000 after acquiring an additional 55,983 shares during the period. Finally, Howe & Rusling Inc. boosted its stake in Home Depot by 21.3% during the fourth quarter. Howe & Rusling Inc. now owns 2,730 shares of the home improvement retailer’s stock worth $946,000 after acquiring an additional 479 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $368.50 on Friday. 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 $366.03 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The firm’s 50 day moving average price is $355.21 and its 200-day moving average price is $353.95. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the firm earned $4.65 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HD shares. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. HSBC lowered their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Finally, Citigroup reduced their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $386.33.

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.