The Home Depot, Inc. (NYSE:HD) Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 730,441 shares of the home improvement retailer’s stock after acquiring an additional 9,159 shares during the period. 1832 Asset Management L.P. owned approximately 0.07% of Home Depot worth $251,447,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HD. Fairway Wealth LLC purchased a new position in Home Depot in the second quarter worth $25,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $27,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth about $33,000. Burkett Financial Services LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Home Depot in the first quarter valued at $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $389.86 on Friday. The company has a market capitalization of $386.59 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. 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 fifty day moving average of $364.95 and a 200-day moving average of $354.28. 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 announced its earnings results 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 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. Home Depot’s revenue was up .6% compared to the same quarter last year. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HD. Royal Bank of Canada lowered their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Jefferies Financial Group began coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. Finally, UBS Group raised their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

Home Depot 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.