Tredje AP fonden Acquires 53,300 Shares of The Home Depot, Inc. (NYSE:HD)

Tredje AP fonden lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 23.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 282,888 shares of the home improvement retailer’s stock after buying an additional 53,300 shares during the quarter. Home Depot comprises 0.9% of Tredje AP fonden’s portfolio, making the stock its 24th largest position. Tredje AP fonden’s holdings in Home Depot were worth $97,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in Home Depot during the 2nd quarter valued at approximately $25,000. Frank Rimerman Advisors LLC bought a new position in Home Depot during the 4th quarter valued at about $27,000. Kings Path Partners LLC purchased a new position in shares of Home Depot during the second quarter valued at approximately $33,000. Burkett Financial Services LLC bought a new position in Home Depot during the fourth quarter valued at approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. purchased a new stake in Home Depot in the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $383.46 on Wednesday. The firm has a market cap of $380.24 billion, a PE ratio of 25.72, a PEG ratio of 2.57 and a beta of 1.00. The stock has a 50 day moving average of $362.82 and a 200 day moving average of $353.92. 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 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last posted its earnings results 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 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the company earned $4.65 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.35%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HD. Evercore ISI lowered their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. JPMorgan Chase & Co. raised their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada cut their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Finally, StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

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.