Mill Creek Capital Advisors LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Mill Creek Capital Advisors LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,535 shares of the home improvement retailer’s stock after acquiring an additional 163 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Home Depot were worth $1,905,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

HD has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target for the company. JPMorgan Chase & Co. upped their price target 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. Royal Bank of Canada lowered their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Evercore ISI lowered 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. Finally, UBS Group upped their price target 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $390.28.

Home Depot Stock Up 0.5 %

NYSE:HD opened at $391.96 on Tuesday. The firm 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 1-year low of $274.26 and a 1-year high of $396.87. The company’s fifty day moving average price is $365.62 and its 200-day moving average price is $354.23. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.65 earnings per share. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.30%. 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.