Childress Capital Advisors LLC Raises Position in The Home Depot, Inc. (NYSE:HD)

Childress Capital Advisors LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,316 shares of the home improvement retailer’s stock after acquiring an additional 72 shares during the period. Childress Capital Advisors LLC’s holdings in Home Depot were worth $1,344,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Woodmont Investment Counsel LLC boosted its holdings in Home Depot by 17.5% during the first quarter. Woodmont Investment Counsel LLC now owns 14,537 shares of the home improvement retailer’s stock worth $5,576,000 after buying an additional 2,167 shares in the last quarter. Applied Capital LLC FL boosted its holdings in Home Depot by 2.6% during the first quarter. Applied Capital LLC FL now owns 6,611 shares of the home improvement retailer’s stock worth $2,536,000 after buying an additional 170 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Home Depot by 2.3% during the first quarter. Capital Advisors Ltd. LLC now owns 2,909 shares of the home improvement retailer’s stock worth $1,116,000 after acquiring an additional 66 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Home Depot by 66.2% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 36,686 shares of the home improvement retailer’s stock worth $14,073,000 after acquiring an additional 14,609 shares during the last quarter. Finally, MV Capital Management Inc. raised its position in Home Depot by 1.2% during the first quarter. MV Capital Management Inc. now owns 8,087 shares of the home improvement retailer’s stock worth $3,102,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $392.60 on Thursday. The company has a market capitalization of $389.31 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The firm has a fifty day simple moving average of $391.61 and a 200-day simple moving average of $361.03. 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 Home Depot, Inc. has a twelve month low of $281.61 and a twelve month high of $421.56.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the firm posted $4.65 EPS. The firm’s revenue was up .6% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TD Cowen lifted their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. DA Davidson lifted their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. Finally, Stifel Nicolaus cut 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 investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.48.

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.