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

GSB Wealth Management LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 3.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,270 shares of the home improvement retailer’s stock after selling 392 shares during the quarter. Home Depot comprises approximately 1.2% of GSB Wealth Management LLC’s portfolio, making the stock its 20th biggest position. GSB Wealth Management LLC’s holdings in Home Depot were worth $4,567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Texas Capital Bank Wealth Management Services Inc lifted its stake in Home Depot by 27.6% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock valued at $9,348,000 after buying an additional 5,879 shares during the last quarter. Empirical Finance LLC lifted its stake in Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after buying an additional 1,195 shares during the last quarter. Pegasus Asset Management Inc. lifted its stake in Home Depot by 1.8% in the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after buying an additional 86 shares during the last quarter. Commonwealth Retirement Investments LLC raised its stake in shares of Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares during the last quarter. Finally, Swedbank AB raised its stake in shares of Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Melius Research initiated coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. Jefferies Financial Group initiated coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. Royal Bank of Canada cut their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Finally, Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. One 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 company. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.48.

Home Depot Stock Down 0.6 %

HD opened at $392.60 on Thursday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The stock has a market capitalization of $389.31 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The business has a 50-day moving average of $391.61 and a two-hundred day moving average of $361.03. The Home Depot, Inc. has a 12 month low of $281.61 and a 12 month high of $421.56.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

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.