Oak Harvest Investment Services Sells 5,005 Shares of The Home Depot, Inc. (NYSE:HD)

Oak Harvest Investment Services decreased its stake in The Home Depot, Inc. (NYSE:HD) by 15.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 27,355 shares of the home improvement retailer’s stock after selling 5,005 shares during the quarter. Home Depot accounts for about 1.6% of Oak Harvest Investment Services’ portfolio, making the stock its 17th largest position. Oak Harvest Investment Services’ holdings in Home Depot were worth $11,084,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HD. Texas Capital Bank Wealth Management Services Inc lifted its holdings in shares of Home Depot by 27.6% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock worth $9,348,000 after acquiring an additional 5,879 shares during the last quarter. Empirical Finance LLC lifted its stake in Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after purchasing an additional 1,195 shares during the last quarter. Pegasus Asset Management Inc. boosted its position in Home Depot by 1.8% during the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after buying an additional 86 shares during the period. Commonwealth Retirement Investments LLC grew its stake in shares of Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after buying an additional 965 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after buying an additional 132,967 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.3 %

Shares of NYSE:HD opened at $393.80 on Friday. The Home Depot, Inc. has a 12-month low of $281.61 and a 12-month high of $421.56. The stock has a market capitalization of $390.50 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.78 and a beta of 1.00. The stock has a fifty day simple moving average of $392.17 and a two-hundred day simple moving average of $361.25. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

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 company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $4.65 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. Home Depot’s payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

HD has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. TD Cowen upped their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group initiated coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.48.

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.