Blair William & Co. IL lifted its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 729,947 shares of the home improvement retailer’s stock after purchasing an additional 18,039 shares during the period. Home Depot comprises about 0.8% of Blair William & Co. IL’s investment portfolio, making the stock its 29th largest position. Blair William & Co. IL’s holdings in Home Depot were worth $251,277,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Home Depot during the 2nd quarter worth $25,000. Frank Rimerman Advisors LLC bought a new position in Home Depot during the 4th quarter worth about $27,000. Kings Path Partners LLC purchased a new position in Home Depot during the 2nd quarter valued at about $33,000. Burkett Financial Services LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $38,000. Finally, A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Home Depot in the 1st quarter worth approximately $38,000. Institutional investors own 70.86% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on HD shares. Jefferies Financial Group began coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. Loop Capital upped their price objective on Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research note on Tuesday. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. JPMorgan Chase & Co. boosted their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Evercore ISI decreased their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $389.04.
Home Depot Stock Performance
Shares of NYSE HD opened at $383.46 on Wednesday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. 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 company has a market capitalization of $380.24 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The company’s fifty day moving average price is $362.82 and its 200 day moving average price is $353.92.
Home Depot (NYSE:HD – Get Free Report) last posted 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. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the previous year, the business earned $4.65 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. On average, research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.
Home Depot Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.
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.
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