Samlyn Capital LLC Invests $72.54 Million in The Home Depot, Inc. (NYSE:HD)

Samlyn Capital LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 210,728 shares of the home improvement retailer’s stock, valued at approximately $72,541,000.

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

Home Depot Stock Performance

Shares of HD opened at $391.96 on Tuesday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The business’s fifty day simple moving average is $365.62 and its two-hundred day simple moving average is $354.23. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a market cap of $388.67 billion, a price-to-earnings ratio of 26.29, a P/E/G 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 the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the company earned $4.65 EPS. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. Research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. 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 report on Wednesday, August 14th. Evercore ISI cut their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Jefferies Financial Group initiated coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. Melius Research began coverage on Home Depot in a research note on Monday. They issued a “buy” rating and a $420.00 price target for the company. Finally, DA Davidson boosted their price objective on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. One research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $390.28.

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.