The Home Depot, Inc. (NYSE:HD) Shares Sold by Breakwater Investment Management

Breakwater Investment Management decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 52.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 689 shares of the home improvement retailer’s stock after selling 745 shares during the quarter. Breakwater Investment Management’s holdings in Home Depot were worth $237,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HD. Diamond Hill Capital Management Inc. lifted its holdings in shares of Home Depot by 0.3% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,024,506 shares of the home improvement retailer’s stock worth $352,676,000 after purchasing an additional 3,425 shares during the period. Diversify Wealth Management LLC acquired a new position in Home Depot in the 2nd quarter valued at $4,736,000. Williams Financial LLC purchased a new position in Home Depot during the 2nd quarter worth $6,791,000. Lyell Wealth Management LP lifted its stake in shares of Home Depot by 2.8% in the 2nd quarter. Lyell Wealth Management LP now owns 42,771 shares of the home improvement retailer’s stock worth $14,723,000 after acquiring an additional 1,167 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Home Depot by 23.5% in the second quarter. J.W. Cole Advisors Inc. now owns 23,449 shares of the home improvement retailer’s stock valued at $8,072,000 after acquiring an additional 4,455 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $379.99 on Friday. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The business’s fifty day moving average price is $361.04 and its two-hundred day moving average price is $354.09. The stock has a market cap of $377.44 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. 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 issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The business 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 681.27% and a net margin of 9.71%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $4.65 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.37%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. DA Davidson increased their target price on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday. JPMorgan Chase & Co. upped their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Stifel Nicolaus cut their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. One investment 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’s stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $387.79.

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.