The Home Depot, Inc. (NYSE:HD) Shares Acquired by Ballast Advisors LLC

Ballast Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,898 shares of the home improvement retailer’s stock after purchasing an additional 33 shares during the period. Ballast Advisors LLC’s holdings in Home Depot were worth $769,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benchmark Financial Wealth Advisors LLC grew its position in Home Depot by 4.2% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,029 shares of the home improvement retailer’s stock worth $822,000 after buying an additional 82 shares during the period. Radnor Capital Management LLC purchased a new position in Home Depot in the 3rd quarter valued at approximately $3,857,000. Catalina Capital Group LLC boosted its position in Home Depot by 7.7% during the third quarter. Catalina Capital Group LLC now owns 6,529 shares of the home improvement retailer’s stock worth $2,645,000 after purchasing an additional 464 shares in the last quarter. Beacon Financial Advisory LLC boosted its position in shares of Home Depot by 4.1% in the 3rd quarter. Beacon Financial Advisory LLC now owns 1,611 shares of the home improvement retailer’s stock worth $653,000 after buying an additional 64 shares in the last quarter. Finally, Bailard Inc. raised its position in Home Depot by 1.6% during the third quarter. Bailard Inc. now owns 83,551 shares of the home improvement retailer’s stock worth $33,855,000 after acquiring an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock traded down $11.09 during trading on Wednesday, reaching $389.00. 879,874 shares of the company’s stock were exchanged, compared to its average volume of 3,333,719. The stock has a market capitalization of $386.39 billion, a PE ratio of 26.93, a PEG ratio of 2.72 and a beta of 1.01. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The firm’s fifty day moving average price is $393.49 and its 200-day moving average price is $362.92.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the prior year, the firm posted $4.65 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is currently 60.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HD shares. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. Finally, TD Cowen upped their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $415.26.

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.