The Home Depot, Inc. (NYSE:HD) Shares Sold by Marshall Financial Group LLC

Marshall Financial Group LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 14.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,240 shares of the home improvement retailer’s stock after selling 370 shares during the period. Marshall Financial Group LLC’s holdings in Home Depot were worth $771,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Moss Adams Wealth Advisors LLC boosted its holdings in Home Depot by 13.5% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 899 shares of the home improvement retailer’s stock worth $312,000 after buying an additional 107 shares during the last quarter. Wealth Alliance boosted its holdings in shares of Home Depot by 1.6% during the 4th quarter. Wealth Alliance now owns 6,314 shares of the home improvement retailer’s stock worth $2,188,000 after purchasing an additional 98 shares during the last quarter. Everence Capital Management Inc. boosted its holdings in shares of Home Depot by 18.7% during the 4th quarter. Everence Capital Management Inc. now owns 32,098 shares of the home improvement retailer’s stock worth $11,124,000 after purchasing an additional 5,060 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Home Depot by 11.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 398,888 shares of the home improvement retailer’s stock worth $138,235,000 after purchasing an additional 42,083 shares during the last quarter. Finally, Allen Capital Group LLC boosted its holdings in shares of Home Depot by 6.7% during the 4th quarter. Allen Capital Group LLC now owns 14,549 shares of the home improvement retailer’s stock worth $5,042,000 after purchasing an additional 911 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HD shares. Wedbush restated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. TD Cowen reduced their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday, August 13th. Finally, Citigroup reduced their price target on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $386.33.

Home Depot Stock Up 0.6 %

Shares of NYSE HD traded up $1.99 during mid-day trading on Friday, hitting $362.06. The company had a trading volume of 3,308,320 shares, compared to its average volume of 3,434,097. The company has a market capitalization of $359.02 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The business’s 50-day simple moving average is $350.74 and its 200 day simple moving average is $353.23.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $4.65 earnings per share. On average, analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 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.