The Home Depot, Inc. (NYSE:HD) Shares Sold by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. lowered its stake in The Home Depot, Inc. (NYSE:HD) by 0.8% during the second quarter, Holdings Channel.com reports. The fund owned 3,975 shares of the home improvement retailer’s stock after selling 34 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Home Depot were worth $1,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC acquired a new stake in Home Depot during the 4th quarter worth $27,000. Kings Path Partners LLC purchased a new stake in Home Depot during the 2nd quarter valued at about $33,000. Burkett Financial Services LLC purchased a new stake in Home Depot during the 4th quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot in the first quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the 4th quarter worth $39,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of Home Depot stock opened at $382.01 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The firm’s 50 day moving average is $361.89 and its two-hundred day moving average is $353.93. The firm has a market capitalization of $378.81 billion, a P/E ratio of 25.62, a P/E/G ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $4.65 earnings per share. Research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given 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 (DPR) is presently 60.36%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. raised their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. UBS Group upped their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. Finally, DA Davidson upped their target price on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target 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.