Legacy Advisors LLC Decreases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Legacy Advisors LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,568 shares of the home improvement retailer’s stock after selling 1,144 shares during the period. Legacy Advisors LLC’s holdings in Home Depot were worth $3,982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Klingman & Associates LLC lifted its position in Home Depot by 3.9% during the 2nd quarter. Klingman & Associates LLC now owns 5,944 shares of the home improvement retailer’s stock worth $2,046,000 after acquiring an additional 222 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Home Depot during the second quarter valued at approximately $9,318,000. Blue Fin Capital Inc. lifted its position in shares of Home Depot by 2.7% during the second quarter. Blue Fin Capital Inc. now owns 8,919 shares of the home improvement retailer’s stock worth $3,070,000 after purchasing an additional 236 shares in the last quarter. Abacus Planning Group Inc. boosted its stake in shares of Home Depot by 92.5% in the second quarter. Abacus Planning Group Inc. now owns 2,863 shares of the home improvement retailer’s stock valued at $985,000 after purchasing an additional 1,376 shares during the period. Finally, TrinityPoint Wealth LLC grew its holdings in Home Depot by 5.3% during the 2nd quarter. TrinityPoint Wealth LLC now owns 10,879 shares of the home improvement retailer’s stock valued at $3,745,000 after purchasing an additional 544 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $368.50 on Friday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The firm has a market capitalization of $366.03 billion, a PE ratio of 24.71, a P/E/G ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The business’s fifty day moving average price is $355.21 and its two-hundred day moving average price is $353.97.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $4.65 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.44%. Home Depot’s dividend payout ratio is presently 60.36%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Tuesday, August 13th. Loop Capital reduced their price target on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. HSBC reduced their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. Finally, DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $352.00 to $395.00 in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $386.33.

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.