The Home Depot, Inc. (NYSE:HD) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 713,702 shares of the home improvement retailer’s stock after acquiring an additional 7,319 shares during the period. Victory Capital Management Inc. owned about 0.07% of Home Depot worth $245,685,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HD. Denver PWM LLC acquired a new position in Home Depot in the 2nd quarter worth approximately $40,000. Altus Wealth Group LLC grew its stake in Home Depot by 2.8% during the 2nd quarter. Altus Wealth Group LLC now owns 3,196 shares of the home improvement retailer’s stock valued at $1,100,000 after acquiring an additional 86 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Home Depot by 5.7% in the 2nd quarter. MCF Advisors LLC now owns 6,688 shares of the home improvement retailer’s stock valued at $2,302,000 after purchasing an additional 359 shares during the period. Peterson Wealth Management boosted its holdings in shares of Home Depot by 89.5% during the second quarter. Peterson Wealth Management now owns 8,652 shares of the home improvement retailer’s stock worth $2,978,000 after purchasing an additional 4,087 shares during the period. Finally, Hamel Associates Inc. boosted its holdings in shares of Home Depot by 1.0% during the second quarter. Hamel Associates Inc. now owns 11,294 shares of the home improvement retailer’s stock worth $3,888,000 after purchasing an additional 111 shares during the period. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on HD. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Tuesday, August 13th. Loop Capital reduced their price objective on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. HSBC lowered their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research note on Wednesday, May 15th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, UBS Group boosted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.79.

Home Depot Price Performance

Home Depot stock opened at $360.00 on Friday. The business has a 50 day simple moving average of $356.96 and a 200 day simple moving average of $354.11. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a market capitalization of $356.98 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.65 earnings per share. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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 issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

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.