The Home Depot, Inc. (NYSE:HD) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 493,768 shares of the home improvement retailer’s stock after selling 4,242 shares during the period. Home Depot comprises approximately 0.7% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 28th largest holding. Public Employees Retirement Association of Colorado’s holdings in Home Depot were worth $169,975,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Fairway Wealth LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $25,000. Frank Rimerman Advisors LLC bought a new position in Home Depot during the 4th quarter worth $27,000. Kings Path Partners LLC bought a new position in Home Depot during the 2nd quarter worth $33,000. Burkett Financial Services LLC bought a new position in Home Depot during the 4th quarter worth $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot during the 1st quarter worth $38,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 1.7 %

NYSE:HD opened at $390.39 on Friday. 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 1-year low of $274.26 and a 1-year high of $396.87. The business’s fifty day moving average price is $364.35 and its 200 day moving average price is $354.38. The firm has a market capitalization of $387.12 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.57 and a beta of 1.00.

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

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HD shares. Jefferies Financial Group started coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. UBS Group increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. DA Davidson increased their price target on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Evercore ISI decreased their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. One equities research 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $389.04.

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.