Atria Investments Inc Sells 2,774 Shares of The Home Depot, Inc. (NYSE:HD)

Atria Investments Inc cut its position in The Home Depot, Inc. (NYSE:HD) by 3.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,168 shares of the home improvement retailer’s stock after selling 2,774 shares during the quarter. Atria Investments Inc’s holdings in Home Depot were worth $29,648,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. WFA Asset Management Corp grew its stake in shares of Home Depot by 10.7% during the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after acquiring an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after acquiring an additional 623 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Home Depot by 42.9% during the first quarter. Empowered Funds LLC now owns 40,777 shares of the home improvement retailer’s stock worth $15,642,000 after acquiring an additional 12,239 shares during the last quarter. Reynders McVeigh Capital Management LLC grew its stake in shares of Home Depot by 1.1% during the first quarter. Reynders McVeigh Capital Management LLC now owns 52,227 shares of the home improvement retailer’s stock worth $20,035,000 after acquiring an additional 581 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of Home Depot by 33.6% during the first quarter. Atomi Financial Group Inc. now owns 5,918 shares of the home improvement retailer’s stock worth $2,270,000 after acquiring an additional 1,490 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 1.6 %

Shares of HD stock opened at $405.90 on Friday. The stock has a 50 day simple moving average of $395.19 and a 200-day simple moving average of $363.84. The Home Depot, Inc. has a 1-year low of $286.79 and a 1-year high of $421.56. 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 company has a market cap of $403.18 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.69 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the company earned $4.65 EPS. The firm’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HD shares. Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their price target for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Barclays upped their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley upped their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $420.04.

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.