The Home Depot, Inc. (NYSE:HD) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,773 shares of the home improvement retailer’s stock after selling 364 shares during the quarter. Ritholtz Wealth Management’s holdings in Home Depot were worth $8,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new position in Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in Home Depot during the 1st quarter valued at $38,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the fourth quarter worth $39,000. Finally, Denver PWM LLC purchased a new position in Home Depot during the second quarter worth $40,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on HD shares. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $360.00 to $460.00 in a research report on Wednesday. DA Davidson boosted their price objective 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. Stifel Nicolaus decreased their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Oppenheimer increased their price target on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $402.38.

Home Depot Stock Up 0.5 %

Shares of HD stock traded up $1.94 on Friday, hitting $411.90. The stock had a trading volume of 2,717,431 shares, compared to its average volume of 3,388,611. The stock’s 50 day moving average is $378.34 and its 200-day moving average is $357.28. The firm 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 52-week low of $274.26 and a 52-week high of $420.03. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

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, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the company posted $4.65 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current 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 paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.57%.

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.