The Home Depot, Inc. (NYSE:HD) Shares Sold by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,668 shares of the home improvement retailer’s stock after selling 498 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Home Depot were worth $3,107,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. O Dell Group LLC grew its position in Home Depot by 0.9% in the 4th quarter. O Dell Group LLC now owns 6,611 shares of the home improvement retailer’s stock valued at $2,291,000 after buying an additional 59 shares during the last quarter. Security National Bank of SO Dak boosted its position in Home Depot by 0.5% during the fourth quarter. Security National Bank of SO Dak now owns 7,196 shares of the home improvement retailer’s stock worth $2,494,000 after purchasing an additional 36 shares in the last quarter. Sanibel Captiva Trust Company Inc. purchased a new stake in Home Depot in the 4th quarter valued at approximately $88,708,000. SageView Advisory Group LLC increased its position in Home Depot by 28.4% during the 4th quarter. SageView Advisory Group LLC now owns 25,312 shares of the home improvement retailer’s stock worth $9,039,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $417,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on HD. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and raised their price objective for the stock from $360.00 to $460.00 in a report on Wednesday. Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $402.38.

Home Depot Stock Up 0.5 %

Shares of HD stock traded up $1.94 during trading hours on Friday, hitting $411.90. 2,717,431 shares of the company were exchanged, compared to its average volume of 3,388,611. 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 stock has a market capitalization of $409.14 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $420.03. The business’s 50-day simple moving average is $378.34 and its two-hundred day simple moving average is $357.28.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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 analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $4.65 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.57%.

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.