Crescent Grove Advisors LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,170 shares of the home improvement retailer’s stock after selling 87 shares during the period. Crescent Grove Advisors LLC’s holdings in Home Depot were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. WFA Asset Management Corp boosted its holdings in shares of Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after buying an additional 135 shares during the period. China Universal Asset Management Co. Ltd. lifted its position in Home Depot by 5.8% in the 1st 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 acquiring an additional 623 shares in the last quarter. Diversified LLC boosted its stake in Home Depot by 9.6% in the 1st quarter. Diversified LLC now owns 3,608 shares of the home improvement retailer’s stock worth $1,384,000 after purchasing an additional 316 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Home Depot by 2.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 38,031 shares of the home improvement retailer’s stock worth $14,588,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Nicollet Investment Management Inc. acquired a new stake in shares of Home Depot in the 1st quarter valued at about $3,236,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.
Home Depot Price Performance
HD opened at $400.21 on Wednesday. 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 $397.53 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01. The stock’s 50 day moving average price is $393.49 and its 200-day moving average price is $362.92. The Home Depot, Inc. has a 52-week low of $286.79 and a 52-week high of $421.56.
Home Depot Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.25%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.57%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on HD shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Melius Research initiated coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. Barclays boosted their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $415.26.
Check Out Our Latest Stock Analysis on HD
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.
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