Beech Hill Advisors Inc. Has $4.02 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Beech Hill Advisors Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,926 shares of the home improvement retailer’s stock after selling 216 shares during the period. Home Depot accounts for 1.5% of Beech Hill Advisors Inc.’s holdings, making the stock its 23rd biggest holding. Beech Hill Advisors Inc.’s holdings in Home Depot were worth $4,022,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Home Depot during the 2nd quarter worth approximately $25,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter valued at $33,000. Denver PWM LLC bought a new stake in Home Depot during the second quarter valued at $40,000. Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the second quarter valued at $47,000. Finally, Quarry LP raised its position in shares of Home Depot by 36.0% in the 2nd quarter. Quarry LP now owns 136 shares of the home improvement retailer’s stock worth $47,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HD shares. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Stifel Nicolaus dropped 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. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. Melius Research started coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $404.69.

Home Depot Stock Up 0.7 %

HD opened at $418.61 on Thursday. The company’s 50-day moving average price is $382.42 and its two-hundred day moving average price is $357.80. 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 Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $421.56. The stock has a market cap of $415.10 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. During the same period last year, the business posted $4.65 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

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.