The Home Depot, Inc. (NYSE:HD) Shares Bought by Catalina Capital Group LLC

Catalina Capital Group LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 8.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,065 shares of the home improvement retailer’s stock after purchasing an additional 447 shares during the quarter. Home Depot comprises about 0.8% of Catalina Capital Group LLC’s investment portfolio, making the stock its 25th biggest position. Catalina Capital Group LLC’s holdings in Home Depot were worth $2,088,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HD. Bowman & Co S.C. boosted its holdings in shares of Home Depot by 9.9% in the 2nd quarter. Bowman & Co S.C. now owns 8,336 shares of the home improvement retailer’s stock valued at $2,868,000 after purchasing an additional 754 shares during the last quarter. American Financial Advisors LLC boosted its holdings in Home Depot by 2.5% in the second quarter. American Financial Advisors LLC now owns 6,608 shares of the home improvement retailer’s stock valued at $2,275,000 after acquiring an additional 162 shares during the last quarter. Diversified LLC boosted its holdings in Home Depot by 8.4% in the second quarter. Diversified LLC now owns 3,911 shares of the home improvement retailer’s stock valued at $1,346,000 after acquiring an additional 303 shares during the last quarter. Slagle Financial LLC increased its stake in Home Depot by 13.5% during the second quarter. Slagle Financial LLC now owns 6,093 shares of the home improvement retailer’s stock worth $2,098,000 after acquiring an additional 727 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its holdings in shares of Home Depot by 3.0% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 36,713 shares of the home improvement retailer’s stock worth $12,638,000 after purchasing an additional 1,073 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock traded up $10.23 during midday trading on Friday, hitting $375.59. The company had a trading volume of 3,347,734 shares, compared to its average volume of 3,446,290. The business’s 50 day simple moving average is $353.44 and its two-hundred day simple moving average is $353.67. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a market cap of $372.44 billion, a PE ratio of 25.19, a P/E/G ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the firm posted $4.65 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HD. Raymond James reissued a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Loop Capital dropped their price objective on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and increased their target price for the company from $352.00 to $395.00 in a research note on Wednesday, June 26th. Finally, Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target for the company. 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’s stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $386.33.

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.