Hollencrest Capital Management Trims Stake in The Home Depot, Inc. (NYSE:HD)

Hollencrest Capital Management cut its stake in The Home Depot, Inc. (NYSE:HD) by 0.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,847 shares of the home improvement retailer’s stock after selling 30 shares during the period. Home Depot accounts for approximately 1.5% of Hollencrest Capital Management’s portfolio, making the stock its 15th largest position. Hollencrest Capital Management’s holdings in Home Depot were worth $35,060,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HD. Fairway Wealth LLC bought a new stake in Home Depot during the second quarter worth about $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $27,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Home Depot in the 1st quarter worth approximately $38,000. Finally, Burkett Financial Services LLC bought a new position in Home Depot during the 4th quarter valued at approximately $38,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HD shares. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. UBS Group upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. Evercore ISI dropped their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Finally, Loop Capital increased their price target on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

Home Depot Stock Up 1.7 %

Shares of HD opened at $390.39 on Friday. The business’s 50 day moving average is $364.35 and its 200 day moving average is $354.38. 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 12-month low of $274.26 and a 12-month high of $396.87. The company has a market capitalization of $387.12 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (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 business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period last year, the firm posted $4.65 EPS. The company’s revenue was up .6% on a year-over-year basis. Research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

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.