The Home Depot, Inc. (NYSE:HD) Shares Purchased by Arlington Partners LLC

Arlington Partners LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 21.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,367 shares of the home improvement retailer’s stock after purchasing an additional 2,027 shares during the period. Home Depot comprises about 1.8% of Arlington Partners LLC’s portfolio, making the stock its 9th largest holding. Arlington Partners LLC’s holdings in Home Depot were worth $4,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alaska Permanent Fund Corp acquired a new position in Home Depot during the 1st quarter valued at approximately $96,000. Douglas Lane & Associates LLC boosted its holdings in shares of Home Depot by 0.9% during the first quarter. Douglas Lane & Associates LLC now owns 29,676 shares of the home improvement retailer’s stock valued at $11,384,000 after acquiring an additional 259 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Home Depot by 10.5% during the first quarter. International Assets Investment Management LLC now owns 17,762 shares of the home improvement retailer’s stock valued at $6,537,000 after acquiring an additional 1,691 shares during the period. Crestmont Private Wealth LLC grew its position in shares of Home Depot by 34.8% during the first quarter. Crestmont Private Wealth LLC now owns 1,212 shares of the home improvement retailer’s stock worth $465,000 after acquiring an additional 313 shares during the last quarter. Finally, Unique Wealth LLC increased its holdings in shares of Home Depot by 5.4% in the 1st quarter. Unique Wealth LLC now owns 2,351 shares of the home improvement retailer’s stock worth $902,000 after acquiring an additional 121 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 1.5 %

NYSE:HD traded down $6.21 during trading hours on Monday, hitting $408.79. 826,943 shares of the company’s stock traded hands, compared to its average volume of 3,355,740. The stock’s fifty day moving average price is $385.10 and its two-hundred day moving average price is $358.49. The firm has a market cap of $405.36 billion, a P/E ratio of 27.60, a P/E/G ratio of 2.88 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $421.56.

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

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analysts Set New Price Targets

A number of research firms have issued reports on HD. JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. DA Davidson boosted their price objective on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Stifel Nicolaus reduced their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $404.69.

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.