The Home Depot, Inc. (NYSE:HD) Shares Sold by Edge Capital Group LLC

Edge Capital Group LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,685 shares of the home improvement retailer’s stock after selling 351 shares during the quarter. Edge Capital Group LLC’s holdings in Home Depot were worth $4,711,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Gilbert & Cook Inc. increased its stake in Home Depot by 3.9% during the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock worth $1,475,000 after acquiring an additional 158 shares during the last quarter. Aveo Capital Partners LLC increased its position in shares of Home Depot by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after acquiring an additional 122 shares during the last quarter. 9258 Wealth Management LLC lifted its holdings in shares of Home Depot by 4.2% in the 4th quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after acquiring an additional 557 shares during the last quarter. Gryphon Financial Partners LLC raised its position in Home Depot by 161.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after purchasing an additional 3,923 shares during the period. Finally, TrinityPoint Wealth LLC lifted its stake in Home Depot by 4.1% during the fourth quarter. TrinityPoint Wealth LLC now owns 9,840 shares of the home improvement retailer’s stock worth $3,410,000 after purchasing an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.1 %

Shares of NYSE HD opened at $389.86 on Friday. The business has a 50-day moving average price of $364.95 and a 200 day moving average price of $354.28. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. 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 company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last announced its earnings results 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the firm earned $4.65 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

HD has been the topic of several research analyst reports. Stifel Nicolaus cut their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Loop Capital raised their price objective 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. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Finally, DA Davidson upped 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 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.