Aptus Capital Advisors LLC Purchases 2,563 Shares of The Home Depot, Inc. (NYSE:HD)

Aptus Capital Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 14.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,783 shares of the home improvement retailer’s stock after buying an additional 2,563 shares during the period. Aptus Capital Advisors LLC’s holdings in Home Depot were worth $8,421,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot during the second quarter worth about $33,000. Denver PWM LLC bought a new stake in shares of Home Depot during the second quarter worth about $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the third quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Home Depot during the second quarter worth about $47,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on HD shares. Sanford C. Bernstein started coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday. Guggenheim boosted their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Oppenheimer boosted their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $422.81.

Home Depot Price Performance

Shares of Home Depot stock opened at $403.17 on Wednesday. The Home Depot, Inc. has a 52-week low of $287.24 and a 52-week high of $421.56. The stock has a market capitalization of $400.46 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a fifty day moving average of $395.99 and a 200-day moving average of $364.77. 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 announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during 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 733.61%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. Equities research analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.23%. Home Depot’s 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.