Bailard Inc. Has $33.86 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Bailard Inc. increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 83,551 shares of the home improvement retailer’s stock after acquiring an additional 1,322 shares during the period. Home Depot accounts for about 0.9% of Bailard Inc.’s holdings, making the stock its 23rd largest position. Bailard Inc.’s holdings in Home Depot were worth $33,855,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HD. International Assets Investment Management LLC increased its position in Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after buying an additional 8,762,735 shares during the period. Legal & General Group Plc increased its holdings in shares of Home Depot by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock worth $2,931,328,000 after purchasing an additional 100,139 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after purchasing an additional 971,833 shares during the period. Ameriprise Financial Inc. raised its position in shares of Home Depot by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock valued at $1,980,883,000 after buying an additional 138,396 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Home Depot by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock valued at $1,598,316,000 after buying an additional 333,312 shares during the period. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on HD shares. Royal Bank of Canada cut their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Melius Research assumed coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. Finally, Barclays raised their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $415.26.

Home Depot Price Performance

HD opened at $400.21 on Wednesday. The company has a fifty day moving average price of $393.49 and a two-hundred day moving average price of $362.92. The firm has a market capitalization of $397.53 billion, a PE ratio of 26.93, a P/E/G ratio of 2.72 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $286.79 and a 52 week high of $421.56. 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 released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the company posted $4.65 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.25%. Home Depot’s dividend payout ratio is 60.57%.

Home Depot Company 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.