Marietta Wealth Management LLC Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Marietta Wealth Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 9.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,594 shares of the home improvement retailer’s stock after buying an additional 2,324 shares during the period. Home Depot makes up approximately 1.5% of Marietta Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Marietta Wealth Management LLC’s holdings in Home Depot were worth $9,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Bey Douglas LLC bought a new stake in shares of Home Depot in the fourth quarter worth about $913,000. Hartline Investment Corp boosted its position in Home Depot by 3.0% during the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after acquiring an additional 460 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $387,000. Cambridge Investment Research Advisors Inc. boosted its position in Home Depot by 1.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock valued at $74,092,000 after acquiring an additional 2,209 shares in the last quarter. Finally, Empirical Finance LLC boosted its position in Home Depot by 3.3% during the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after acquiring an additional 1,195 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

HD stock traded up $1.99 during trading on Friday, reaching $362.06. The stock had a trading volume of 3,308,320 shares, compared to its average volume of 3,434,097. The firm has a market cap of $359.02 billion, a PE ratio of 24.28, a PEG ratio of 2.48 and a beta of 0.98. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The stock’s 50 day moving average is $350.74 and its two-hundred day moving average is $353.23. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.65 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

Analyst Ratings Changes

Several research firms have weighed in on HD. Royal Bank of Canada cut their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Stifel Nicolaus dropped their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group started coverage on Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus 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.