One Wealth Management Investment & Advisory Services LLC Acquires 81 Shares of The Home Depot, Inc. (NYSE:HD)

One Wealth Management Investment & Advisory Services LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,778 shares of the home improvement retailer’s stock after acquiring an additional 81 shares during the quarter. One Wealth Management Investment & Advisory Services LLC’s holdings in Home Depot were worth $612,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research firms have weighed in on HD. Jefferies Financial Group started coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. UBS Group boosted their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. HSBC decreased their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. Finally, Raymond James reiterated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $387.79.

Home Depot Price Performance

Home Depot stock traded down $1.80 during midday trading on Friday, reaching $360.05. The company’s stock had a trading volume of 2,228,832 shares, compared to its average volume of 3,406,975. The stock has a market cap of $357.03 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The business has a 50-day moving average price of $357.27 and a 200-day moving average price of $354.10.

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. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.65 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be issued a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.50%. Home Depot’s payout ratio is presently 60.36%.

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.