Chapin Davis Inc. Has $1.08 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Chapin Davis Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,130 shares of the home improvement retailer’s stock after acquiring an additional 39 shares during the quarter. Chapin Davis Inc.’s holdings in Home Depot were worth $1,078,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HD. Bare Financial Services Inc acquired a new position in shares of Home Depot during the fourth quarter valued at $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot in the fourth quarter valued at about $27,000. Burkett Financial Services LLC acquired a new position in Home Depot in the fourth quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot in the first quarter valued at about $38,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

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

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the company earned $4.65 EPS. The company’s revenue was up .6% on a year-over-year basis. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be paid a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.49%. Home Depot’s payout ratio is 60.36%.

Analysts Set New Price Targets

Several equities analysts have weighed in on HD shares. Royal Bank of Canada cut their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday. HSBC lowered their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Stifel Nicolaus lowered their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and increased their price target for the stock from $352.00 to $395.00 in a report on Wednesday, June 26th. Finally, UBS Group increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $386.33.

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.