The Home Depot, Inc. (NYSE:HD) Position Raised by Detalus Advisors LLC

Detalus Advisors LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 7.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,998 shares of the home improvement retailer’s stock after buying an additional 142 shares during the quarter. Detalus Advisors LLC’s holdings in Home Depot were worth $688,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Home Depot during the fourth quarter valued at $4,311,070,000. Alphinity Investment Management Pty Ltd acquired a new position in shares of Home Depot during the first quarter valued at $513,016,000. Capital Research Global Investors increased its holdings in shares of Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after purchasing an additional 992,444 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Home Depot by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after acquiring an additional 971,833 shares during the period. Finally, Swedbank AB acquired a new position in Home Depot during the first quarter worth about $301,364,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HD shares. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Wells Fargo & Company lowered their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Evercore ISI lowered their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Loop Capital lowered their target price on Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Finally, Stifel Nicolaus lowered their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.33.

Home Depot Stock Down 0.1 %

Shares of Home Depot stock traded down $0.49 during trading on Wednesday, hitting $372.69. 2,218,310 shares of the stock traded hands, compared to its average volume of 3,423,175. The stock has a market cap of $369.56 billion, a P/E ratio of 25.00, a PEG ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a fifty day moving average price of $354.32 and a two-hundred day moving average price of $353.73.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during 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 firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $4.65 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders 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 dividend yield of 2.41%. Home Depot’s dividend payout ratio is 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.