Signaturefd LLC Has $16.99 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Signaturefd LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,364 shares of the home improvement retailer’s stock after buying an additional 1,701 shares during the quarter. Signaturefd LLC’s holdings in Home Depot were worth $16,993,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bey Douglas LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $913,000. MinichMacGregor Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $387,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Home Depot by 1.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock worth $74,092,000 after buying an additional 2,209 shares during the last quarter. Empirical Finance LLC raised its position in Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC raised its holdings in shares of Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after buying an additional 965 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of HD stock traded up $1.50 during trading hours on Friday, reaching $368.56. 3,216,421 shares of the company traded hands, compared to its average volume of 3,417,637. 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 $365.47 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.48 and a beta of 0.98. The firm has a 50-day moving average price of $354.96 and a 200 day moving average price of $353.95. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HD shares. Loop Capital decreased their target price on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Tuesday, August 13th. Finally, UBS Group increased their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.