The Home Depot, Inc. (NYSE:HD) Shares Acquired by Calton & Associates Inc.

Calton & Associates Inc. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% in the second quarter, HoldingsChannel.com reports. The firm owned 6,750 shares of the home improvement retailer’s stock after acquiring an additional 200 shares during the quarter. Home Depot accounts for about 1.2% of Calton & Associates Inc.’s investment portfolio, making the stock its 19th largest holding. Calton & Associates Inc.’s holdings in Home Depot were worth $2,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Research Global Investors boosted its stake in shares of Home Depot by 7.2% in the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after buying an additional 992,444 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Home Depot by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after acquiring an additional 347,614 shares in the last quarter. Norges Bank purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $4,311,070,000. Fisher Asset Management LLC raised its holdings in shares of Home Depot by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after purchasing an additional 195,670 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Home Depot by 15.0% in the first 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 buying an additional 971,833 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE:HD traded up $1.99 during trading hours on Friday, reaching $362.06. 3,308,320 shares of the company traded hands, compared to its average volume of 3,434,097. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The firm’s 50-day moving average is $350.74 and its 200-day moving average is $353.23. The stock has a market cap of $359.02 billion, a P/E ratio of 24.28, a P/E/G ratio of 2.48 and a beta of 0.98. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last released its quarterly 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. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $4.65 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HD shares. Citigroup decreased their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Tuesday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada reduced their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $386.33.

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.