Gibraltar Capital Management Inc. Grows Stock Position in The Home Depot, Inc. (NYSE:HD)

Gibraltar Capital Management Inc. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 30.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,028 shares of the home improvement retailer’s stock after acquiring an additional 700 shares during the period. Home Depot comprises about 0.6% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 29th biggest position. Gibraltar Capital Management Inc.’s holdings in Home Depot were worth $1,227,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Wells Trecaso Financial Group LLC increased its stake in shares of Home Depot by 0.8% in the 3rd quarter. Wells Trecaso Financial Group LLC now owns 19,019 shares of the home improvement retailer’s stock valued at $7,706,000 after purchasing an additional 148 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of Home Depot by 40.7% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 16,432 shares of the home improvement retailer’s stock valued at $6,658,000 after purchasing an additional 4,751 shares in the last quarter. Traynor Capital Management Inc. increased its stake in shares of Home Depot by 2.7% in the 3rd quarter. Traynor Capital Management Inc. now owns 45,345 shares of the home improvement retailer’s stock valued at $18,374,000 after purchasing an additional 1,199 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of Home Depot by 1.1% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 15,325 shares of the home improvement retailer’s stock valued at $6,210,000 after purchasing an additional 161 shares in the last quarter. Finally, Worth Financial Advisory Group LLC increased its stake in shares of Home Depot by 6.6% in the 3rd quarter. Worth Financial Advisory Group LLC now owns 3,745 shares of the home improvement retailer’s stock valued at $1,517,000 after purchasing an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group lifted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Evercore ISI lowered their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus lowered their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Finally, TD Cowen lifted their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $413.48.

Home Depot Trading Down 1.9 %

HD opened at $395.10 on Wednesday. The Home Depot, Inc. has a one year low of $276.96 and a one year high of $421.56. The stock has a market capitalization of $391.79 billion, a PE ratio of 26.50, a P/E/G ratio of 2.78 and a beta of 1.00. The business’s 50 day moving average price is $391.17 and its 200 day moving average price is $360.80. 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. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $4.65 earnings per share. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

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.