Davidson Capital Management Inc. Has $3.11 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Davidson Capital Management Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,042 shares of the home improvement retailer’s stock after acquiring an additional 1,628 shares during the quarter. Davidson Capital Management Inc.’s holdings in Home Depot were worth $3,113,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HD. Wulff Hansen & CO. grew its holdings in shares of Home Depot by 33,540.9% during the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after acquiring an additional 1,474,459 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in shares of Home Depot during the 1st quarter valued at $513,016,000. Capital Research Global Investors grew its holdings in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after acquiring an additional 992,444 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $2,853,143,000 after acquiring an additional 971,833 shares in the last quarter. Finally, Swedbank AB purchased a new position in shares of Home Depot during the 1st quarter valued at $301,364,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 1.7 %

NYSE HD opened at $390.39 on Friday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. 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 has a market cap of $387.12 billion, a PE ratio of 26.18, a PEG ratio of 2.57 and a beta of 1.00. The firm has a 50-day simple moving average of $364.35 and a 200 day simple moving average of $354.38.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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. The company 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%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.65 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is 60.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HD. Royal Bank of Canada lowered their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Finally, DA Davidson increased their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $389.04.

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.