The Home Depot, Inc. (NYSE:HD) Shares Sold by Columbia Asset Management

Columbia Asset Management reduced its position in The Home Depot, Inc. (NYSE:HD) by 3.3% in the 2nd quarter, Holdings Channel reports. The firm owned 17,252 shares of the home improvement retailer’s stock after selling 590 shares during the period. Home Depot makes up 1.1% of Columbia Asset Management’s holdings, making the stock its 24th biggest holding. Columbia Asset Management’s holdings in Home Depot were worth $5,939,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HD. Norges Bank acquired a new stake in Home Depot during the 4th quarter worth $4,311,070,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Home Depot in the first quarter valued at about $513,016,000. Capital Research Global Investors grew its holdings in shares of Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after buying an additional 992,444 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after acquiring an additional 971,833 shares during the period. Finally, Swedbank AB purchased a new stake in Home Depot during the 1st quarter valued at approximately $301,364,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.8 %

NYSE:HD opened at $361.85 on Friday. The company has a market capitalization of $358.82 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The stock has a fifty day simple moving average of $356.96 and a 200-day simple moving average of $354.11. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.65 earnings per share. On average, equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

HD has been the topic of several analyst reports. TD Cowen lowered their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research report on Tuesday, August 13th. Evercore ISI cut their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.79.

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.