The Home Depot, Inc. (NYSE:HD) Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,905,845 shares of the home improvement retailer’s stock after selling 16,308 shares during the quarter. TD Asset Management Inc owned about 0.19% of Home Depot worth $656,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arbor Trust Wealth Advisors LLC grew its stake in shares of Home Depot by 3.8% during the second quarter. Arbor Trust Wealth Advisors LLC now owns 1,248 shares of the home improvement retailer’s stock worth $430,000 after acquiring an additional 46 shares during the last quarter. Mattern Capital Management LLC boosted its stake in Home Depot by 0.3% in the 2nd quarter. Mattern Capital Management LLC now owns 26,740 shares of the home improvement retailer’s stock worth $9,205,000 after purchasing an additional 73 shares in the last quarter. Stablepoint Partners LLC grew its position in Home Depot by 2.1% during the 2nd quarter. Stablepoint Partners LLC now owns 1,565 shares of the home improvement retailer’s stock worth $566,000 after purchasing an additional 32 shares during the last quarter. New World Advisors LLC increased its stake in Home Depot by 7.1% during the 2nd quarter. New World Advisors LLC now owns 1,928 shares of the home improvement retailer’s stock valued at $664,000 after purchasing an additional 127 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in shares of Home Depot by 5.3% in the second quarter. Belpointe Asset Management LLC now owns 11,478 shares of the home improvement retailer’s stock worth $3,952,000 after buying an additional 581 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 1.6 %

Shares of NYSE:HD opened at $358.75 on Thursday. The firm has a market capitalization of $355.74 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The business’s 50 day moving average price is $356.55 and its 200-day moving average price is $354.06. 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 Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate 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 was up .6% compared to the same quarter last year. During the same period last year, the firm posted $4.65 earnings per share. On average, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.51%. Home Depot’s payout ratio is currently 60.36%.

Analysts Set New Price Targets

Several research firms recently issued reports on HD. Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. HSBC cut their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. DA Davidson lifted their target price on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday. TD Cowen cut their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, UBS Group raised their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $387.79.

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.