Lane & Associates LLC Purchases 29 Shares of The Home Depot, Inc. (NYSE:HD)

Lane & Associates LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 784 shares of the home improvement retailer’s stock after acquiring an additional 29 shares during the period. Lane & Associates LLC’s holdings in Home Depot were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its position in shares of Home Depot by 3.9% during the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock worth $1,475,000 after purchasing an additional 158 shares in the last quarter. Aveo Capital Partners LLC raised its position in Home Depot by 4.8% in the 4th quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock worth $931,000 after purchasing an additional 122 shares during the last quarter. 9258 Wealth Management LLC lifted its holdings in Home Depot by 4.2% during the 4th quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after buying an additional 557 shares in the last quarter. Gryphon Financial Partners LLC boosted 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 buying an additional 3,923 shares during the last quarter. Finally, USA Financial Formulas increased its stake in shares of Home Depot by 14,500.0% in the 4th quarter. USA Financial Formulas now owns 292 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 290 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.5 %

Home Depot stock opened at $365.49 on Tuesday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. 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 company has a 50 day moving average of $357.86 and a 200-day moving average of $353.93. The stock has a market capitalization of $363.04 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00.

Home Depot (NYSE:HD) last announced 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the business earned $4.65 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.46%. Home Depot’s payout ratio is presently 60.36%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HD. DA Davidson upped their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Stifel Nicolaus reduced their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Loop Capital lowered their price target on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective on the stock. Finally, StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Home Depot currently has an average 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.