The Home Depot, Inc. (NYSE:HD) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.2% during the third quarter, Holdings Channel reports. The institutional investor owned 127,982 shares of the home improvement retailer’s stock after selling 5,556 shares during the quarter. Home Depot comprises about 0.8% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 16th largest holding. Oppenheimer & Co. Inc.’s holdings in Home Depot were worth $51,858,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at about $25,000. Kings Path Partners LLC purchased a new position in Home Depot in the second quarter valued at approximately $33,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the third quarter worth approximately $46,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $40,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Home Depot by 68.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several research analyst reports. TD Cowen upped their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Sanford C. Bernstein assumed coverage on Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. Stifel Nicolaus increased their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Barclays increased their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $424.67.

Home Depot Stock Performance

HD traded up $8.55 on Wednesday, hitting $411.63. 149,690 shares of the company’s stock were exchanged, compared to its average volume of 3,369,029. The firm has a market cap of $408.87 billion, a PE ratio of 27.13, a P/E/G ratio of 2.83 and a beta of 1.01. The stock has a fifty day moving average of $396.76 and a two-hundred day moving average of $365.25. The Home Depot, Inc. has a twelve month low of $300.14 and a twelve month high of $421.56. 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 announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same quarter last year, the business earned $3.81 earnings per share. Home Depot’s revenue was up 6.6% compared to the same quarter last year. On average, research analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid 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 2.19%. Home Depot’s dividend payout ratio is presently 60.57%.

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.