The Home Depot, Inc. (NYSE:HD) Shares Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,427 shares of the home improvement retailer’s stock after purchasing an additional 619 shares during the period. Angeles Wealth Management LLC’s holdings in Home Depot were worth $3,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TD Cowen reduced their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. HSBC cut their target price on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Tuesday, August 13th. Finally, Loop Capital reduced their target price on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Stock Up 1.5 %

Shares of NYSE HD opened at $370.84 on Wednesday. The company has a market capitalization of $368.35 billion, a P/E ratio of 24.87, a P/E/G ratio of 2.49 and a beta of 1.00. 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 has a 50 day simple moving average of $358.58 and a 200-day simple moving average of $353.92. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 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.