Chilton Capital Management LLC Buys 932 Shares of The Home Depot, Inc. (NYSE:HD)

Chilton Capital Management LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 48.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,850 shares of the home improvement retailer’s stock after acquiring an additional 932 shares during the period. Chilton Capital Management LLC’s holdings in Home Depot were worth $981,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Frank Rimerman Advisors LLC bought a new stake in Home Depot in the fourth quarter worth $27,000. Kings Path Partners LLC bought a new stake in Home Depot in the second quarter worth $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot in the first quarter worth $38,000. Burkett Financial Services LLC bought a new stake in Home Depot in the fourth quarter worth $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot in the fourth quarter worth $39,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on HD shares. Royal Bank of Canada lowered their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Citigroup lowered their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Stifel Nicolaus lowered their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. TD Cowen lowered their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Wedbush reaffirmed an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $386.33.

Home Depot Stock Up 0.4 %

Shares of Home Depot stock opened at $368.50 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a market cap of $365.41 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The company’s 50 day moving average is $355.57 and its 200 day moving average is $353.97.

Home Depot (NYSE:HD) last released its quarterly earnings results 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the firm earned $4.65 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm 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 $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.44%. Home Depot’s payout ratio is presently 60.36%.

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.