The Home Depot, Inc. (NYSE:HD) Shares Bought by Kiely Wealth Advisory Group Inc.

Kiely Wealth Advisory Group Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 742 shares of the home improvement retailer’s stock after purchasing an additional 42 shares during the period. Kiely Wealth Advisory Group Inc.’s holdings in Home Depot were worth $258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Home Depot during the 2nd quarter valued at approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $27,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the second quarter worth $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Home Depot in the first quarter worth $38,000. Finally, Burkett Financial Services LLC acquired a new stake in Home Depot in the fourth quarter valued at $38,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.1 %

HD opened at $389.97 on Friday. The stock’s 50 day moving average price is $364.95 and its 200 day moving average price is $354.45. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The stock has a market cap of $386.70 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $4.65 earnings per share. As a group, research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared 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 was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. DA Davidson upped their price objective on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Loop Capital lifted their target price on Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.