The Home Depot, Inc. (NYSE:HD) Stake Lowered by NorthRock Partners LLC

NorthRock Partners LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,521 shares of the home improvement retailer’s stock after selling 1,332 shares during the quarter. NorthRock Partners LLC’s holdings in Home Depot were worth $2,642,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HD. Fairway Wealth LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $25,000. Kings Path Partners LLC bought a new stake in Home Depot during the 2nd quarter valued at $33,000. Denver PWM LLC bought a new stake in Home Depot during the 2nd quarter valued at $40,000. Livelsberger Financial Advisory bought a new stake in Home Depot during the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the 2nd quarter valued at $47,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on HD shares. UBS Group lifted their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Guggenheim lifted their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Morgan Stanley lifted their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Stifel Nicolaus lowered their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Finally, Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $415.26.

Home Depot Trading Up 1.2 %

Shares of NYSE:HD opened at $400.21 on Wednesday. The company has a market cap of $397.53 billion, a P/E ratio of 26.93, a P/E/G ratio of 2.72 and a beta of 1.01. The stock’s 50-day moving average is $393.49 and its 200-day moving average is $362.92. 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 earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the business earned $4.65 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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