Goepper Burkhardt LLC Cuts Stake in The Home Depot, Inc. (NYSE:HD)

Goepper Burkhardt LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,624 shares of the home improvement retailer’s stock after selling 38 shares during the quarter. Home Depot makes up about 0.6% of Goepper Burkhardt LLC’s investment portfolio, making the stock its 27th largest position. Goepper Burkhardt LLC’s holdings in Home Depot were worth $1,247,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. lifted its holdings in Home Depot by 1.3% during the second quarter. 1832 Asset Management L.P. now owns 730,441 shares of the home improvement retailer’s stock worth $251,447,000 after buying an additional 9,159 shares during the period. Frank Rimerman Advisors LLC raised its position in shares of Home Depot by 16,788.3% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 13,004 shares of the home improvement retailer’s stock worth $4,476,000 after acquiring an additional 12,927 shares in the last quarter. Prospector Partners LLC lifted its stake in shares of Home Depot by 0.7% during the 2nd quarter. Prospector Partners LLC now owns 32,369 shares of the home improvement retailer’s stock worth $11,143,000 after purchasing an additional 240 shares during the last quarter. ProShare Advisors LLC boosted its position in Home Depot by 8.6% during the second quarter. ProShare Advisors LLC now owns 245,701 shares of the home improvement retailer’s stock valued at $84,580,000 after purchasing an additional 19,360 shares in the last quarter. Finally, Merriman Wealth Management LLC boosted its position in Home Depot by 3.8% during the second quarter. Merriman Wealth Management LLC now owns 2,084 shares of the home improvement retailer’s stock valued at $718,000 after purchasing an additional 77 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $389.86 on Friday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. 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 stock has a market cap of $386.59 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The business has a 50-day simple moving average of $364.95 and a 200-day simple moving average of $354.28.

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 the consensus estimate of $4.59 by $0.08. The business 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 business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.65 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on HD. Evercore ISI decreased their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. Loop Capital raised their target price on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th. Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. Finally, 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 report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

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.