GDS Wealth Management Has $11.28 Million Stake in The Home Depot, Inc. (NYSE:HD)

GDS Wealth Management raised its stake in The Home Depot, Inc. (NYSE:HD) by 12.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 32,762 shares of the home improvement retailer’s stock after buying an additional 3,559 shares during the quarter. GDS Wealth Management’s holdings in Home Depot were worth $11,278,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HD. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the 4th quarter valued at $27,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot in the second quarter valued at about $33,000. Burkett Financial Services LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot during the first quarter worth about $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot in the 4th quarter worth about $39,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on HD shares. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. 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 price target on the stock. Finally, Loop Capital decreased their price objective on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating for the company 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $387.79.

Home Depot Price Performance

HD stock opened at $382.01 on Tuesday. The firm has a 50 day simple moving average of $361.89 and a two-hundred day simple moving average of $353.93. The stock has a market cap of $378.81 billion, a PE ratio of 25.62, a P/E/G 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. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

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 the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the business earned $4.65 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.36%. Home Depot’s dividend payout ratio is 60.36%.

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.