Ashton Thomas Private Wealth LLC Has $8.06 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Ashton Thomas Private Wealth LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 19,885 shares of the home improvement retailer’s stock after selling 930 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Home Depot were worth $8,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Fairway Wealth LLC purchased a new position in Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $33,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot in the third quarter valued at approximately $46,000. Denver PWM LLC bought a new stake in Home Depot during the second quarter worth $40,000. Finally, Abich Financial Wealth Management LLC boosted its position in Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 51 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HD. Evercore ISI decreased their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. 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 note on Wednesday, August 14th. JPMorgan Chase & Co. increased their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and upped their price target for the company from $360.00 to $455.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $422.81.

Home Depot Trading Up 1.5 %

Shares of HD opened at $414.51 on Tuesday. The Home Depot, Inc. has a 1-year low of $287.24 and a 1-year high of $421.56. The company has a market capitalization of $411.73 billion, a P/E ratio of 27.48, a P/E/G ratio of 2.81 and a beta of 1.01. 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 firm’s 50 day simple moving average is $395.99 and its 200 day simple moving average is $364.77.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 net margin of 9.71% and a return on equity of 733.61%. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter last year, the company posted $4.65 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. Home Depot’s payout ratio is 60.57%.

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.