The Home Depot, Inc. (NYSE:HD) Stake Boosted by Americana Partners LLC

Americana Partners LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,409 shares of the home improvement retailer’s stock after purchasing an additional 1,444 shares during the period. Americana Partners LLC’s holdings in Home Depot were worth $9,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bare Financial Services Inc bought a new stake in shares of Home Depot during the 4th quarter worth about $26,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot during the fourth quarter worth approximately $27,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter valued at approximately $33,000. Burkett Financial Services LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot in the first quarter worth $38,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on HD. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Wells Fargo & Company cut their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Evercore ISI decreased their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. HSBC dropped their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Finally, Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.33.

Home Depot Price Performance

Shares of NYSE HD traded up $1.44 during midday trading on Friday, reaching $368.50. 3,216,660 shares of the company traded hands, compared to its average volume of 3,417,637. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. 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 stock’s 50-day simple moving average is $355.21 and its 200-day simple moving average is $353.97. The firm has a market cap of $365.41 billion, a PE ratio of 24.71, a PEG ratio of 2.48 and a beta of 0.98.

Home Depot (NYSE:HD) last announced its quarterly earnings results 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 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 9.79% and a return on equity of 1,056.67%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $4.65 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, August 29th. Home Depot’s 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.