Lombard Odier Asset Management Europe Ltd Takes $1.33 Million Position in The Home Depot, Inc. (NYSE:HD)

Lombard Odier Asset Management Europe Ltd purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,850 shares of the home improvement retailer’s stock, valued at approximately $1,325,000.

Several other large investors have also recently bought and sold shares of HD. Wulff Hansen & CO. raised its holdings in Home Depot by 33,540.9% in 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 during the period. Alphinity Investment Management Pty Ltd bought a new position in Home Depot in the 1st quarter valued at about $513,016,000. Capital Research Global Investors raised its holdings in Home Depot by 7.2% in 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 during the period. Price T Rowe Associates Inc. MD raised its holdings in Home Depot by 15.0% in 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 during the period. Finally, Swedbank AB bought a new position in Home Depot in the 1st quarter valued at about $301,364,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. 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. Melius Research assumed coverage on shares of Home Depot in a research report on Monday. They set a “buy” rating and a $420.00 target price on the stock. 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 research report on Monday, August 5th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Finally, UBS Group increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $390.28.

Home Depot Price Performance

HD stock opened at $391.96 on Tuesday. The company has a fifty day moving average price of $365.62 and a 200-day moving average price of $354.23. The company has a market capitalization of $388.67 billion, a P/E ratio of 26.29, a PEG ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week 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.

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 analysts’ consensus estimates 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 last year, the firm earned $4.65 earnings per share. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend 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.