Richardson Financial Services Inc. Sells 289 Shares of The Home Depot, Inc. (NYSE:HD)

Richardson Financial Services Inc. trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,945 shares of the home improvement retailer’s stock after selling 289 shares during the quarter. Richardson Financial Services Inc.’s holdings in Home Depot were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Fairway Wealth LLC bought a new position in Home Depot during the second quarter valued at about $25,000. 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 bought a new stake in shares of Home Depot during the second quarter valued at approximately $33,000. Burkett Financial Services LLC acquired a new position in shares of Home Depot in the fourth quarter valued at $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot in the first quarter worth $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.2 %

NYSE:HD opened at $384.13 on Thursday. The company has a market cap of $380.91 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 2.57 and a beta of 1.00. 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 stock’s fifty day moving average price is $363.62 and its two-hundred day moving average price is $354.13. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

Several brokerages have issued reports on HD. DA Davidson boosted their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Jefferies Financial Group started 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. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.