Bellwether Advisors LLC Has $384,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Bellwether Advisors LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 86.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,115 shares of the home improvement retailer’s stock after selling 7,055 shares during the quarter. Bellwether Advisors LLC’s holdings in Home Depot were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Norges Bank bought a new stake in Home Depot in the 4th quarter valued at $4,311,070,000. Alphinity Investment Management Pty Ltd bought a new stake in Home Depot in the 1st quarter valued at $513,016,000. Capital Research Global Investors increased its holdings in Home Depot by 7.2% in the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after buying an additional 992,444 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after buying an additional 971,833 shares during the period. Finally, Swedbank AB bought a new stake in Home Depot in the 1st quarter valued at $301,364,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HD shares. Raymond James reissued a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Loop Capital reduced their target price on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Wells Fargo & Company reduced their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. Finally, UBS Group boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $386.33.

Home Depot Stock Up 0.4 %

NYSE HD traded up $1.44 during trading hours on Friday, reaching $368.50. 3,216,660 shares of the company’s stock were exchanged, compared to its average volume of 3,501,517. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company’s 50-day moving average is $355.21 and its two-hundred day moving average is $353.95. The company has a market capitalization of $366.03 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share 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 firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the firm posted $4.65 EPS. The business’s revenue was up .6% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) 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.