Rational Advisors LLC Buys 4,680 Shares of The Home Depot, Inc. (NYSE:HD)

Rational Advisors LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 570.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,500 shares of the home improvement retailer’s stock after buying an additional 4,680 shares during the period. Rational Advisors LLC’s holdings in Home Depot were worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HD. WFA Asset Management Corp boosted its stake 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 valued at $535,000 after purchasing an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its position in Home Depot by 5.8% during the first 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 purchasing an additional 623 shares in the last quarter. Nordea Investment Management AB raised its holdings in Home Depot by 0.3% in the first quarter. Nordea Investment Management AB now owns 974,042 shares of the home improvement retailer’s stock worth $373,078,000 after purchasing an additional 2,654 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of Home Depot by 5.6% in the 1st quarter. Quent Capital LLC now owns 8,433 shares of the home improvement retailer’s stock valued at $3,235,000 after buying an additional 448 shares in the last quarter. Finally, GSB Wealth Management LLC grew its position in shares of Home Depot by 0.4% in the 1st quarter. GSB Wealth Management LLC now owns 11,733 shares of the home improvement retailer’s stock worth $4,501,000 after buying an additional 47 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD opened at $395.57 on Tuesday. The business’s 50-day simple moving average is $392.94 and its 200 day simple moving average is $362.47. The Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56. 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 company has a market cap of $392.92 billion, a P/E ratio of 26.62, a PEG ratio of 2.72 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 company had revenue of $43.18 billion during the quarter, compared to analyst estimates 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 for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business earned $4.65 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.28%. Home Depot’s dividend payout ratio is presently 60.57%.

Analyst Ratings Changes

Several equities analysts have issued reports on HD shares. Evercore ISI cut their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Guggenheim upped their price target 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. Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. UBS Group raised their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $413.48.

About Home Depot

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.