Kintegral Advisory LLC Lowers Holdings in The Home Depot, Inc. (NYSE:HD)

Kintegral Advisory LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,759 shares of the home improvement retailer’s stock after selling 1,339 shares during the period. Home Depot comprises 1.2% of Kintegral Advisory LLC’s holdings, making the stock its 11th largest position. Kintegral Advisory LLC’s holdings in Home Depot were worth $12,654,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Bey Douglas LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $913,000. MinichMacGregor Wealth Management LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $387,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Home Depot by 1.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock valued at $74,092,000 after buying an additional 2,209 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Home Depot by 3.3% during the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after buying an additional 1,195 shares during the period. Finally, Commonwealth Retirement Investments LLC lifted its position in shares of Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after buying an additional 965 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.1 %

HD traded down $0.49 during trading hours on Wednesday, reaching $372.69. The company’s stock had a trading volume of 2,218,310 shares, compared to its average volume of 3,423,175. The stock has a market cap of $369.56 billion, a PE ratio of 25.00, a P/E/G ratio of 2.48 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The business’s 50-day moving average is $354.32 and its 200-day moving average is $353.73.

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

Home Depot Dividend Announcement

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 given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.41%. 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

Several equities research analysts recently commented on HD shares. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Wells Fargo & Company reduced their price target on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $352.00 to $395.00 in a report on Wednesday, June 26th. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report 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’s stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price 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.