Nottingham Advisors Inc. Grows Position in The Home Depot, Inc. (NYSE:HD)

Nottingham Advisors Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 35.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,147 shares of the home improvement retailer’s stock after purchasing an additional 300 shares during the quarter. Nottingham Advisors Inc.’s holdings in Home Depot were worth $395,000 as of its most recent SEC filing.

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

Home Depot Stock Down 1.5 %

NYSE HD traded down $5.54 during trading on Thursday, reaching $359.13. 622,270 shares of the company’s stock were exchanged, compared to its average volume of 3,400,532. The company has a 50 day moving average price of $356.55 and a two-hundred day moving average price of $354.06. The stock has a market cap of $356.12 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. 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 posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations 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 was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.65 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.51%. Home Depot’s dividend payout ratio is presently 60.36%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HD. Wells Fargo & Company reduced their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. UBS Group increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Loop Capital dropped their target price on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Tuesday, August 13th. 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.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.