Lyell Wealth Management LP Acquires 607 Shares of The Home Depot, Inc. (NYSE:HD)

Lyell Wealth Management LP raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,378 shares of the home improvement retailer’s stock after acquiring an additional 607 shares during the period. Home Depot makes up 1.6% of Lyell Wealth Management LP’s portfolio, making the stock its 15th biggest holding. Lyell Wealth Management LP’s holdings in Home Depot were worth $17,577,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Home Depot during the second quarter valued at about $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the second quarter valued at about $33,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the third quarter valued at about $46,000. Denver PWM LLC acquired a new position in shares of Home Depot during the second quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC raised its position in shares of Home Depot by 68.0% during the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after buying an additional 51 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

HD opened at $398.91 on Friday. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $421.56. 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 company’s 50 day simple moving average is $389.81 and its 200-day simple moving average is $359.98. The stock has a market capitalization of $396.23 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00.

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, beating 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 for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the firm earned $4.65 earnings per share. Home Depot’s revenue was up .6% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.26%. Home Depot’s dividend payout ratio (DPR) is currently 60.57%.

Analyst Ratings Changes

HD has been the subject of a number of research analyst reports. Guggenheim upped their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. DA Davidson upped their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Royal Bank of Canada cut 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. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $412.00.

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.