The Home Depot, Inc. (NYSE:HD) Shares Sold by Smith & Howard Wealth Management LLC

Smith & Howard Wealth Management LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,738 shares of the home improvement retailer’s stock after selling 88 shares during the period. Home Depot makes up 0.5% of Smith & Howard Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Smith & Howard Wealth Management LLC’s holdings in Home Depot were worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mayfair Advisory Group LLC purchased a new position in Home Depot during the 3rd quarter worth approximately $213,000. Highland Capital Management LLC boosted its holdings in shares of Home Depot by 8.8% in the third quarter. Highland Capital Management LLC now owns 16,230 shares of the home improvement retailer’s stock valued at $6,577,000 after acquiring an additional 1,315 shares during the period. Signet Investment Advisory Group Inc. grew its position in shares of Home Depot by 1.1% during the third quarter. Signet Investment Advisory Group Inc. now owns 8,277 shares of the home improvement retailer’s stock worth $3,354,000 after acquiring an additional 90 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC increased its holdings in shares of Home Depot by 66.8% in the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 3,076 shares of the home improvement retailer’s stock valued at $1,246,000 after acquiring an additional 1,232 shares during the period. Finally, Country Club Bank increased its holdings in shares of Home Depot by 1.7% in the 3rd quarter. Country Club Bank now owns 15,149 shares of the home improvement retailer’s stock valued at $6,052,000 after acquiring an additional 252 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.9 %

Home Depot stock opened at $398.91 on Friday. The firm has a market capitalization of $396.23 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $421.56. The stock’s fifty day moving average is $389.81 and its two-hundred day moving average is $359.98.

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

Home Depot Dividend Announcement

The business also recently announced 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 2.26%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is currently 60.57%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus lowered their price objective 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. DA Davidson boosted their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday. Oppenheimer upped their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Wednesday, October 2nd. Finally, Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $412.00.

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.