Fox Hill Wealth Management Raises Stock Position in The Home Depot, Inc. (NYSE:HD)

Fox Hill Wealth Management boosted its position in The Home Depot, Inc. (NYSE:HD) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,249 shares of the home improvement retailer’s stock after purchasing an additional 106 shares during the quarter. Fox Hill Wealth Management’s holdings in Home Depot were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter worth $27,000. Kings Path Partners LLC bought a new position in Home Depot in the 2nd quarter worth about $33,000. Burkett Financial Services LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Home Depot during the 1st quarter valued at about $38,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the fourth quarter worth about $39,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 0.5 %

NYSE HD opened at $360.05 on Monday. The stock has a market cap of $357.63 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The stock has a 50 day simple moving average of $357.27 and a two-hundred day simple moving average of $353.97. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. DA Davidson upped their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. TD Cowen lowered their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. upped their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $387.79.

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.