Joseph Group Capital Management Has $3.19 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Joseph Group Capital Management boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 20.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,255 shares of the home improvement retailer’s stock after purchasing an additional 1,540 shares during the period. Home Depot accounts for approximately 1.7% of Joseph Group Capital Management’s holdings, making the stock its 17th largest holding. Joseph Group Capital Management’s holdings in Home Depot were worth $3,186,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Wulff Hansen & CO. raised its stake in shares of Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock worth $509,081,000 after acquiring an additional 1,474,459 shares during the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Home Depot in the first quarter valued at approximately $513,016,000. Capital Research Global Investors raised its position in Home Depot by 7.2% in the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after buying an additional 971,833 shares in the last quarter. Finally, Swedbank AB bought a new position in Home Depot in the 1st quarter valued at $301,364,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 1.7 %

Shares of NYSE:HD opened at $390.39 on Friday. The firm has a market cap of $387.12 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.57 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 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’s fifty day simple moving average is $364.35 and its 200 day simple moving average is $354.38.

Home Depot (NYSE:HD) last released 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 firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $4.65 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. Stifel Nicolaus dropped their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. DA Davidson boosted their price objective on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. UBS Group boosted 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. Finally, Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.