Thrivent Financial for Lutherans Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Thrivent Financial for Lutherans raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 652,488 shares of the home improvement retailer’s stock after buying an additional 31,123 shares during the quarter. Home Depot comprises approximately 0.5% of Thrivent Financial for Lutherans’ holdings, making the stock its 22nd largest position. Thrivent Financial for Lutherans owned about 0.07% of Home Depot worth $264,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fairway Wealth LLC purchased a new stake in Home Depot in the 2nd quarter worth $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot in the second quarter worth about $33,000. Denver PWM LLC bought a new position in Home Depot during the second quarter valued at approximately $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the 3rd quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot in the 2nd quarter worth approximately $47,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.6 %

HD opened at $408.18 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock’s fifty day moving average is $399.51 and its two-hundred day moving average is $366.56. The company has a market capitalization of $405.44 billion, a P/E ratio of 27.73, a PEG ratio of 2.84 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $302.34 and a 52 week high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the firm posted $3.81 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s payout ratio is presently 61.14%.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HD. Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer upped their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Royal Bank of Canada boosted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Finally, Guggenheim raised their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

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.