Values Added Financial LLC Purchases 92 Shares of The Home Depot, Inc. (NYSE:HD)

Values Added Financial LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 5.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,641 shares of the home improvement retailer’s stock after acquiring an additional 92 shares during the quarter. Values Added Financial LLC’s holdings in Home Depot were worth $565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Integral Investment Advisors Inc. boosted its stake in Home Depot by 6.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 2,601 shares of the home improvement retailer’s stock valued at $888,000 after purchasing an additional 149 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Home Depot in the 2nd quarter worth approximately $22,034,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the 2nd quarter worth approximately $33,000. TFB Advisors LLC lifted its stake in Home Depot by 20.2% in the second quarter. TFB Advisors LLC now owns 1,389 shares of the home improvement retailer’s stock valued at $478,000 after purchasing an additional 233 shares during the last quarter. Finally, WMG Financial Advisors LLC lifted its stake in Home Depot by 5.9% in the second quarter. WMG Financial Advisors LLC now owns 1,839 shares of the home improvement retailer’s stock valued at $633,000 after purchasing an additional 103 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank of Canada dropped their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Wells Fargo & Company dropped their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Stifel Nicolaus lowered their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $386.33.

Home Depot Trading Up 0.4 %

NYSE HD traded up $1.44 during trading on Friday, hitting $368.50. 3,216,660 shares of the company’s stock traded hands, compared to its average volume of 3,417,637. The stock has a fifty day moving average of $354.96 and a two-hundred day moving average of $353.95. 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 Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The firm has a market cap of $365.41 billion, a P/E ratio of 24.72, a PEG ratio of 2.48 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.44%. Home Depot’s dividend payout ratio is currently 60.36%.

About Home Depot

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.