Capital Advisors Ltd. LLC Has $1.03 Million Stake in The Home Depot, Inc. (NYSE:HD)

Capital Advisors Ltd. LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,983 shares of the home improvement retailer’s stock after purchasing an additional 74 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Home Depot were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Moss Adams Wealth Advisors LLC grew its holdings in shares of Home Depot by 13.5% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 899 shares of the home improvement retailer’s stock valued at $312,000 after acquiring an additional 107 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in shares of Home Depot by 1,232.7% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 196,753 shares of the home improvement retailer’s stock valued at $68,185,000 after purchasing an additional 181,990 shares during the last quarter. Wynn Capital LLC bought a new stake in shares of Home Depot during the 4th quarter worth $243,000. Meritage Portfolio Management boosted its holdings in shares of Home Depot by 28.8% in the 4th quarter. Meritage Portfolio Management now owns 4,417 shares of the home improvement retailer’s stock worth $1,531,000 after buying an additional 987 shares during the last quarter. Finally, Syon Capital LLC grew its position in Home Depot by 62.5% during the fourth quarter. Syon Capital LLC now owns 5,754 shares of the home improvement retailer’s stock valued at $1,994,000 after buying an additional 2,212 shares during the period. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on HD shares. UBS Group lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Wells Fargo & Company reduced their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Tuesday, August 13th. DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and upped their price target for the company from $352.00 to $395.00 in a research report on Wednesday, June 26th. Finally, Wedbush reissued an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a report on Friday, May 10th. One 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. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $386.33.

Home Depot Trading Up 2.8 %

Shares of HD stock traded up $10.23 on Friday, hitting $375.59. 3,426,154 shares of the company’s stock traded hands, compared to its average volume of 3,446,290. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The stock has a market capitalization of $372.44 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 2.48 and a beta of 0.98. The company’s fifty day simple moving average is $353.44 and its 200 day simple moving average is $353.58. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

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

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a dividend of $2.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.40%. Home Depot’s dividend payout ratio is currently 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.