KG&L Capital Management LLC Decreases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

KG&L Capital Management LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,212 shares of the home improvement retailer’s stock after selling 214 shares during the period. KG&L Capital Management LLC’s holdings in Home Depot were worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Forum Financial Management LP increased its holdings in shares of Home Depot by 3.4% during the 3rd quarter. Forum Financial Management LP now owns 14,682 shares of the home improvement retailer’s stock worth $5,949,000 after buying an additional 481 shares during the last quarter. Lansing Street Advisors increased its holdings in shares of Home Depot by 1.2% during the 3rd quarter. Lansing Street Advisors now owns 2,748 shares of the home improvement retailer’s stock worth $1,113,000 after buying an additional 32 shares during the last quarter. Westbourne Investment Advisors Inc. increased its holdings in shares of Home Depot by 1.8% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 17,220 shares of the home improvement retailer’s stock worth $6,978,000 after buying an additional 302 shares during the last quarter. IAG Wealth Partners LLC increased its holdings in Home Depot by 61.3% in the 3rd quarter. IAG Wealth Partners LLC now owns 992 shares of the home improvement retailer’s stock valued at $402,000 after purchasing an additional 377 shares during the last quarter. Finally, RWQ Financial Management Services Inc. acquired a new stake in Home Depot in the 3rd quarter valued at approximately $21,189,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $392.59 on Monday. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56. The business’s 50-day moving average price is $392.51 and its 200 day moving average price is $362.03. 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 company has a market capitalization of $389.96 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.57%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HD. Stifel Nicolaus dropped their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Guggenheim boosted their price target on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada dropped their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. Finally, Morgan Stanley boosted their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $413.48.

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.