The Home Depot, Inc. (NYSE:HD) Stock Holdings Boosted by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,791 shares of the home improvement retailer’s stock after acquiring an additional 501 shares during the period. Princeton Global Asset Management LLC’s holdings in Home Depot were worth $4,373,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HD. WFA Asset Management Corp grew its position in shares of Home Depot by 10.7% during the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after acquiring an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its position in Home Depot by 5.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after buying an additional 623 shares in the last quarter. Retirement Group LLC grew its position in Home Depot by 59.6% in the 1st quarter. Retirement Group LLC now owns 265 shares of the home improvement retailer’s stock valued at $102,000 after buying an additional 99 shares in the last quarter. Braun Stacey Associates Inc. grew its position in Home Depot by 6.4% in the 1st quarter. Braun Stacey Associates Inc. now owns 42,601 shares of the home improvement retailer’s stock valued at $16,342,000 after buying an additional 2,579 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in Home Depot by 16.6% in the 1st quarter. Avior Wealth Management LLC now owns 19,607 shares of the home improvement retailer’s stock valued at $7,522,000 after buying an additional 2,793 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday, October 2nd. Morgan Stanley increased their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Stifel Nicolaus decreased their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Royal Bank of Canada cut their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Finally, Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $413.48.

Home Depot Price Performance

NYSE HD opened at $392.59 on Friday. The company has a 50 day simple moving average of $392.51 and a 200-day simple moving average of $361.82. 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 $389.96 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01. The Home Depot, Inc. has a 52-week low of $286.79 and a 52-week high of $421.56.

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, topping 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 firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the company posted $4.65 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. Home Depot’s dividend payout ratio is currently 60.57%.

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.