Skylands Capital LLC Sells 50 Shares of The Home Depot, Inc. (NYSE:HD)

Skylands Capital LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 33.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100 shares of the home improvement retailer’s stock after selling 50 shares during the period. Skylands Capital LLC’s holdings in Home Depot were worth $34,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bare Financial Services Inc bought a new position in shares of Home Depot during the fourth quarter worth approximately $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot in the fourth quarter worth $27,000. Burkett Financial Services LLC acquired a new position in Home Depot in the fourth quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot during the first quarter worth about $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in Home Depot during the fourth quarter worth about $39,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.3 %

HD stock traded down $1.08 during mid-day trading on Tuesday, reaching $373.03. 1,163,536 shares of the company traded hands, compared to its average volume of 3,426,746. The stock has a market cap of $369.90 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 2.48 and a beta of 0.98. The firm’s 50 day moving average price is $353.93 and its 200 day moving average price is $353.66. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate 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 9.79% and a return on equity of 1,056.67%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.65 earnings per share. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be given 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 2.41%. Home Depot’s payout ratio is currently 60.36%.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Loop Capital decreased their target price on Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Wells Fargo & Company dropped their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Jefferies Financial Group initiated coverage on shares of Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. Finally, TD Cowen cut their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. 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. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $386.33.

Home Depot Company 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.