Norris Perne & French LLP MI Sells 334 Shares of The Home Depot, Inc. (NYSE:HD)

Norris Perne & French LLP MI lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,244 shares of the home improvement retailer’s stock after selling 334 shares during the quarter. Home Depot makes up 1.5% of Norris Perne & French LLP MI’s holdings, making the stock its 27th biggest holding. Norris Perne & French LLP MI’s holdings in Home Depot were worth $21,575,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the second quarter worth $33,000. Denver PWM LLC acquired a new position in shares of Home Depot during the second quarter worth $40,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the third quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the second quarter worth $47,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.3 %

NYSE:HD opened at $392.53 on Friday. 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 firm has a 50-day moving average of $392.51 and a 200-day moving average of $361.63. The company has a market cap of $389.90 billion, a PE ratio of 26.42, a PEG ratio of 2.72 and a beta of 1.00. The Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) 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 business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the firm posted $4.65 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, equities research analysts expect 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 was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HD shares. UBS Group lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a report on Wednesday, October 2nd. TD Cowen boosted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $413.48.

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.