American Century Companies Inc. Has $319.66 Million Stake in The Home Depot, Inc. (NYSE:HD)

American Century Companies Inc. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 9.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928,603 shares of the home improvement retailer’s stock after purchasing an additional 82,740 shares during the period. American Century Companies Inc.’s holdings in Home Depot were worth $319,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HD. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $27,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at $33,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot in the 1st quarter valued at $38,000. Burkett Financial Services LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 4th quarter valued at $39,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HD shares. Royal Bank of Canada lowered their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” 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. Loop Capital decreased their price objective 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. Evercore ISI decreased their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.79.

Home Depot Stock Performance

Shares of Home Depot stock opened at $370.49 on Thursday. The firm has a market cap of $367.38 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00. The stock’s 50-day moving average is $359.31 and its 200-day moving average is $354.03. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the company posted $4.65 earnings per share. Home Depot’s revenue was up .6% on a year-over-year basis. Equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a dividend of $2.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.43%. Home Depot’s payout ratio is presently 60.36%.

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.