Courier Capital LLC Purchases 132 Shares of The Home Depot, Inc. (NYSE:HD)

Courier Capital LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,708 shares of the home improvement retailer’s stock after purchasing an additional 132 shares during the period. Courier Capital LLC’s holdings in Home Depot were worth $4,719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Perennial Advisors LLC grew its holdings in Home Depot by 4.9% during the 2nd quarter. Perennial Advisors LLC now owns 14,272 shares of the home improvement retailer’s stock worth $4,913,000 after acquiring an additional 662 shares during the period. United Bank increased its stake in shares of Home Depot by 0.8% in the 2nd quarter. United Bank now owns 4,277 shares of the home improvement retailer’s stock valued at $1,472,000 after acquiring an additional 35 shares during the last quarter. Xcel Wealth Management LLC raised its position in Home Depot by 3.6% in the 2nd quarter. Xcel Wealth Management LLC now owns 26,709 shares of the home improvement retailer’s stock valued at $9,194,000 after buying an additional 934 shares during the last quarter. Philip James Wealth Mangement LLC boosted its holdings in Home Depot by 8.8% during the second quarter. Philip James Wealth Mangement LLC now owns 756 shares of the home improvement retailer’s stock worth $260,000 after purchasing an additional 61 shares during the last quarter. Finally, KG&L Capital Management LLC boosted its stake in shares of Home Depot by 33.3% during the 2nd quarter. KG&L Capital Management LLC now owns 5,426 shares of the home improvement retailer’s stock worth $1,868,000 after buying an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. UBS Group increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Tuesday, August 13th. Jefferies Financial Group initiated coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. HSBC cut their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Finally, Evercore ISI reduced their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $386.33.

Home Depot Stock Down 1.1 %

Shares of NYSE HD traded down $4.26 during trading on Thursday, hitting $366.20. The stock had a trading volume of 1,289,086 shares, compared to its average volume of 3,429,402. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The firm has a fifty day moving average of $352.51 and a two-hundred day moving average of $353.44. 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 capitalization of $363.13 billion, a PE ratio of 24.70, a PEG ratio of 2.48 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the firm posted $4.65 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.28 EPS 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. Investors of record on Thursday, August 29th will be given a $2.25 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.46%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.