The Home Depot, Inc. (NYSE:HD) Shares Purchased by Argent Advisors Inc.

Argent Advisors Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,677 shares of the home improvement retailer’s stock after acquiring an additional 135 shares during the period. Argent Advisors Inc.’s holdings in Home Depot were worth $1,610,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HD. Bank OZK increased its holdings in Home Depot by 1.2% during the 2nd quarter. Bank OZK now owns 5,069 shares of the home improvement retailer’s stock worth $1,745,000 after purchasing an additional 58 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Home Depot by 10.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 131,545 shares of the home improvement retailer’s stock worth $45,283,000 after purchasing an additional 12,226 shares during the period. Dechtman Wealth Management LLC increased its holdings in Home Depot by 2.1% during the 2nd quarter. Dechtman Wealth Management LLC now owns 1,724 shares of the home improvement retailer’s stock worth $593,000 after purchasing an additional 36 shares during the period. Braun Stacey Associates Inc. increased its holdings in Home Depot by 9.6% during the 2nd quarter. Braun Stacey Associates Inc. now owns 46,680 shares of the home improvement retailer’s stock worth $16,069,000 after purchasing an additional 4,079 shares during the period. Finally, Smith Salley Wealth Management increased its holdings in Home Depot by 4.9% during the 2nd quarter. Smith Salley Wealth Management now owns 17,770 shares of the home improvement retailer’s stock worth $6,117,000 after purchasing an additional 827 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on HD shares. Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Stifel Nicolaus decreased their target price 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. Jefferies Financial Group started coverage on Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. Citigroup decreased their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, TD Cowen decreased their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $386.33.

Home Depot Price Performance

Shares of Home Depot stock traded up $1.50 during trading on Friday, reaching $368.56. The company’s stock had a trading volume of 3,216,421 shares, compared to its average volume of 3,417,637. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The company has a market capitalization of $365.47 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The business has a 50 day moving average price of $354.96 and a 200-day moving average price of $353.95.

Home Depot (NYSE:HD) last posted its quarterly 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 firm 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 1,056.67% and a net margin of 9.79%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.65 earnings per share. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a dividend of $2.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.44%. 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.