RMR Wealth Builders Buys 683 Shares of The Home Depot, Inc. (NYSE:HD)

RMR Wealth Builders raised its holdings in The Home Depot, Inc. (NYSE:HD) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,238 shares of the home improvement retailer’s stock after buying an additional 683 shares during the period. RMR Wealth Builders’ holdings in Home Depot were worth $3,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in HD. Bare Financial Services Inc purchased a new stake in Home Depot during the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $38,000. A.P. Gilfoyle & Co. L.P. bought a new position in shares of Home Depot in the first quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot during the fourth quarter valued at approximately $39,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

HD stock traded down $3.81 during trading on Thursday, reaching $366.65. The company had a trading volume of 1,416,440 shares, compared to its average volume of 3,430,188. The firm has a 50-day simple moving average of $352.51 and a 200-day simple moving average of $353.44. The company has a market cap of $363.58 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.65 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.28 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 issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.45%. The ex-dividend date is Thursday, August 29th. Home Depot’s payout ratio is presently 60.36%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. 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 report on Wednesday, August 14th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Jefferies Financial Group started coverage on shares of Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Citigroup dropped their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.33.

About Home Depot

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.