Boyar Asset Management Inc. Has $9.58 Million Position in The Home Depot, Inc. (NYSE:HD)

Boyar Asset Management Inc. reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 0.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 27,820 shares of the home improvement retailer’s stock after selling 72 shares during the quarter. Home Depot makes up 6.6% of Boyar Asset Management Inc.’s portfolio, making the stock its 4th biggest position. Boyar Asset Management Inc.’s holdings in Home Depot were worth $9,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Gilbert & Cook Inc. increased its holdings in shares of Home Depot by 3.9% in the 4th quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock worth $1,475,000 after acquiring an additional 158 shares during the period. Aveo Capital Partners LLC increased its stake in shares of Home Depot by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after purchasing an additional 122 shares during the period. 9258 Wealth Management LLC raised its holdings in shares of Home Depot by 4.2% during the fourth quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock valued at $4,811,000 after buying an additional 557 shares during the last quarter. Gryphon Financial Partners LLC increased its position in Home Depot by 161.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after acquiring an additional 3,923 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its position in Home Depot by 2.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 20,554 shares of the home improvement retailer’s stock valued at $7,123,000 after buying an additional 490 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE:HD opened at $360.11 on Friday. The company has a fifty day moving average price of $357.27 and a 200 day moving average price of $354.10. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The stock has a market cap of $357.09 billion, a P/E ratio of 24.15, a PEG ratio of 2.55 and a beta of 0.98.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be given a $2.25 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. Loop Capital cut their price objective on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Tuesday, August 13th. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $387.79.

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.