Mesirow Financial Investment Management Inc. Increases Holdings in The Home Depot, Inc. (NYSE:HD)

Mesirow Financial Investment Management Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,395 shares of the home improvement retailer’s stock after buying an additional 60 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Home Depot were worth $17,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HD. One Capital Management LLC raised its stake in Home Depot by 16.5% in the second quarter. One Capital Management LLC now owns 38,332 shares of the home improvement retailer’s stock worth $13,195,000 after buying an additional 5,417 shares in the last quarter. Sierra Summit Advisors LLC raised its position in shares of Home Depot by 52.6% in the 2nd quarter. Sierra Summit Advisors LLC now owns 3,414 shares of the home improvement retailer’s stock worth $1,175,000 after acquiring an additional 1,177 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Home Depot by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock worth $1,598,316,000 after purchasing an additional 333,312 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Home Depot by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,392,582 shares of the home improvement retailer’s stock worth $479,382,000 after purchasing an additional 46,474 shares during the last quarter. Finally, Keene & Associates Inc. boosted its position in Home Depot by 4.8% during the second quarter. Keene & Associates Inc. now owns 1,516 shares of the home improvement retailer’s stock valued at $522,000 after purchasing an additional 69 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on HD. DA Davidson boosted their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. UBS Group raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. 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. Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. Finally, Loop Capital lowered their target price on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $387.79.

Home Depot Stock Up 1.5 %

HD opened at $379.99 on Monday. 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 debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a market capitalization of $377.44 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.57 and a beta of 1.00. The company has a fifty day moving average of $361.04 and a two-hundred day moving average of $353.92.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.65 earnings per share. On average, research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

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.