Bay Rivers Group Raises Holdings in The Home Depot, Inc. (NYSE:HD)

Bay Rivers Group boosted its position in The Home Depot, Inc. (NYSE:HD) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,011 shares of the home improvement retailer’s stock after acquiring an additional 143 shares during the period. Home Depot accounts for approximately 1.6% of Bay Rivers Group’s portfolio, making the stock its 25th largest holding. Bay Rivers Group’s holdings in Home Depot were worth $3,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after buying an additional 992,444 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Home Depot by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after purchasing an additional 347,614 shares in the last quarter. Norges Bank bought a new position in Home Depot in the 4th quarter valued at $4,311,070,000. Fisher Asset Management LLC grew its position in shares of Home Depot by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after purchasing an additional 195,670 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after purchasing an additional 971,833 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Up 0.9 %

HD stock traded up $3.17 during midday trading on Wednesday, hitting $370.44. The company’s stock had a trading volume of 4,586,706 shares, compared to its average volume of 3,438,939. The firm’s 50-day moving average is $352.51 and its 200-day moving average is $353.44. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a market cap of $367.33 billion, a PE ratio of 24.85, a P/E/G ratio of 2.48 and a beta of 0.98.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $4.65 earnings per share. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. UBS Group upped their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Wells Fargo & Company decreased their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Finally, Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $386.33.

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.