Certuity LLC Sells 606 Shares of The Home Depot, Inc. (NYSE:HD)

Certuity LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 17.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,902 shares of the home improvement retailer’s stock after selling 606 shares during the quarter. Certuity LLC’s holdings in Home Depot were worth $999,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the 4th quarter worth approximately $27,000. Kings Path Partners LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $33,000. Burkett Financial Services LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $38,000. A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Home Depot in the first quarter worth $38,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Home Depot during the fourth quarter worth $39,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of HD stock opened at $360.05 on Friday. The stock has a 50 day moving average price of $357.27 and a 200 day moving average price of $354.04. 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 firm has a market capitalization of $357.03 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.55 and a beta of 1.00.

Home Depot (NYSE:HD) last released its 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. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $4.65 earnings per share. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.50%. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

Several analysts have commented on HD shares. Stifel Nicolaus decreased their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Loop Capital dropped their price target on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. DA Davidson lifted 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. HSBC lowered their target price 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, StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $387.79.

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.