The Home Depot, Inc. (NYSE:HD) Stake Boosted by AE Wealth Management LLC

AE Wealth Management LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 12.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,491 shares of the home improvement retailer’s stock after purchasing an additional 18,585 shares during the quarter. AE Wealth Management LLC’s holdings in Home Depot were worth $59,378,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HD. Fairway Wealth LLC acquired a new stake in Home Depot in the second quarter worth $25,000. Frank Rimerman Advisors LLC acquired a new stake in Home Depot in the fourth quarter worth $27,000. Kings Path Partners LLC acquired a new stake in Home Depot in the second quarter worth $33,000. Burkett Financial Services LLC acquired a new stake in Home Depot in the fourth quarter worth $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new stake in Home Depot in the first quarter worth $38,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on HD. Evercore ISI dropped their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Stifel Nicolaus dropped their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. JPMorgan Chase & Co. increased 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. Loop Capital raised their price target on Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday. Finally, StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $389.04.

Home Depot Trading Up 1.7 %

NYSE:HD opened at $390.39 on Friday. 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 1-year low of $274.26 and a 1-year high of $396.87. The firm has a market capitalization of $387.12 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The stock has a fifty day simple moving average of $364.35 and a 200 day simple moving average of $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 for the quarter, beating 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 during the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the company posted $4.65 EPS. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

Home Depot Company 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.