The Home Depot, Inc. (NYSE:HD) Shares Sold by Asio Capital LLC

Asio Capital LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,812 shares of the home improvement retailer’s stock after selling 40 shares during the quarter. Asio Capital LLC’s holdings in Home Depot were worth $734,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. O Dell Group LLC lifted its holdings 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 worth $2,291,000 after buying an additional 59 shares in the last quarter. Security National Bank of SO Dak boosted its holdings in Home Depot by 0.5% in the fourth quarter. Security National Bank of SO Dak now owns 7,196 shares of the home improvement retailer’s stock valued at $2,494,000 after purchasing an additional 36 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in Home Depot during the 4th quarter valued at approximately $88,708,000. SageView Advisory Group LLC increased its holdings 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 during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Home Depot in the 4th quarter valued at approximately $417,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $411.90 on Friday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $420.03. The stock’s 50-day moving average price is $378.34 and its two-hundred day moving average price is $357.28. The company has a market cap of $409.14 billion, a PE ratio of 27.72, a PEG ratio of 2.88 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share 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 firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the previous year, the company posted $4.65 EPS. The company’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 year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on HD. JPMorgan Chase & Co. increased 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. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Evercore ISI cut their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Guggenheim lifted their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Oppenheimer upped their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $402.38.

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.