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

US Asset Management LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 3.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,925 shares of the home improvement retailer’s stock after selling 136 shares during the period. Home Depot comprises approximately 1.2% of US Asset Management LLC’s holdings, making the stock its 15th biggest holding. US Asset Management LLC’s holdings in Home Depot were worth $1,351,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $27,000. Kings Path Partners LLC acquired a new stake in Home Depot during the second quarter worth about $33,000. Burkett Financial Services LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $38,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot in the first quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot during the fourth quarter valued at approximately $39,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HD shares. Royal Bank of Canada dropped their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research report on Thursday. Loop Capital decreased their target price on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $387.79.

Home Depot Stock Up 1.5 %

NYSE:HD opened at $379.99 on Friday. The firm has a market capitalization of $377.44 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The stock has a 50 day moving average of $361.04 and a 200-day moving average of $354.23.

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

Home Depot Announces Dividend

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. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Home Depot 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.