Transcendent Capital Group LLC Buys 683 Shares of The Home Depot, Inc. (NYSE:HD)

Transcendent Capital Group LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 344.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 881 shares of the home improvement retailer’s stock after acquiring an additional 683 shares during the quarter. Transcendent Capital Group LLC’s holdings in Home Depot were worth $357,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HD. Houlihan Financial Resource Group Ltd. purchased a new position in Home Depot in the 3rd quarter worth approximately $473,000. Mesirow Financial Investment Management Inc. raised its stake in shares of Home Depot by 2.4% in the third quarter. Mesirow Financial Investment Management Inc. now owns 50,592 shares of the home improvement retailer’s stock worth $20,499,000 after purchasing an additional 1,197 shares during the last quarter. XML Financial LLC lifted its holdings in shares of Home Depot by 1.2% during the third quarter. XML Financial LLC now owns 7,206 shares of the home improvement retailer’s stock valued at $2,920,000 after purchasing an additional 82 shares in the last quarter. RKL Wealth Management LLC boosted its position in shares of Home Depot by 4.5% during the third quarter. RKL Wealth Management LLC now owns 5,653 shares of the home improvement retailer’s stock valued at $2,291,000 after buying an additional 244 shares during the last quarter. Finally, Carr Financial Group Corp increased its holdings in Home Depot by 10.1% in the 3rd quarter. Carr Financial Group Corp now owns 3,414 shares of the home improvement retailer’s stock worth $1,383,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.6 %

Shares of HD stock opened at $405.90 on Friday. The stock has a market cap of $403.18 billion, a P/E ratio of 27.31, a PEG ratio of 2.69 and a beta of 1.01. The company’s fifty day simple moving average is $395.19 and its two-hundred day simple moving average is $363.84. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 52 week low of $286.79 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period last year, the firm posted $4.65 earnings per share. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.22%. Home Depot’s payout ratio is presently 60.57%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays upped their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $455.00 in a report on Friday. Melius Research assumed coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price for the company. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company lifted their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $420.04.

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.