The Home Depot, Inc. (NYSE:HD) Shares Sold by Auxier Asset Management

Auxier Asset Management trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,983 shares of the home improvement retailer’s stock after selling 36 shares during the quarter. Home Depot accounts for about 1.4% of Auxier Asset Management’s investment portfolio, making the stock its 21st biggest position. Auxier Asset Management’s holdings in Home Depot were worth $8,600,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the second quarter worth approximately $25,000. Frank Rimerman Advisors LLC bought a new position in Home Depot during the 4th quarter valued at $27,000. Kings Path Partners LLC acquired a new position in Home Depot during the 2nd quarter worth $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Home Depot in the 1st quarter worth about $38,000. Finally, Burkett Financial Services LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HD shares. UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Loop Capital boosted their price target on Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday. DA Davidson raised their price objective on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. increased their target price 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $389.04.

Home Depot Stock Performance

Shares of HD stock opened at $389.97 on Friday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The stock’s 50-day moving average is $364.95 and its two-hundred day moving average 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 firm has a market cap of $386.70 billion, a P/E ratio of 26.15, a PEG ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.65 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

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.