Concorde Asset Management LLC Buys 37 Shares of The Home Depot, Inc. (NYSE:HD)

Concorde Asset Management LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,348 shares of the home improvement retailer’s stock after purchasing an additional 37 shares during the period. Concorde Asset Management LLC’s holdings in Home Depot were worth $464,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at $25,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot in the fourth quarter worth about $27,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot during the second quarter worth about $33,000. Burkett Financial Services LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot in the 1st quarter worth approximately $38,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD opened at $384.13 on Thursday. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm has a market cap of $380.91 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The firm’s 50 day simple moving average is $363.62 and its 200-day simple moving average is $354.13. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the company earned $4.65 EPS. The business’s revenue was up .6% compared to the same quarter last year. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. DA Davidson upped their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. Stifel Nicolaus cut 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. Jefferies Financial Group initiated coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. Finally, Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $389.04.

About Home Depot

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.