The Home Depot, Inc. (NYSE:HD) Shares Acquired by Absoluto Partners Gestao de Recursos Ltda

Absoluto Partners Gestao de Recursos Ltda increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,258 shares of the home improvement retailer’s stock after acquiring an additional 67 shares during the period. Home Depot comprises 1.0% of Absoluto Partners Gestao de Recursos Ltda’s investment portfolio, making the stock its 16th biggest position. Absoluto Partners Gestao de Recursos Ltda’s holdings in Home Depot were worth $1,568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Alight Capital Management LP purchased a new position in Home Depot in the 2nd quarter valued at approximately $1,721,000. Alley Investment Management Company LLC raised its stake in shares of Home Depot by 1.0% in the second quarter. Alley Investment Management Company LLC now owns 52,643 shares of the home improvement retailer’s stock valued at $18,122,000 after acquiring an additional 506 shares in the last quarter. NBW Capital LLC purchased a new position in Home Depot in the second quarter valued at $267,000. Trinity Legacy Partners LLC boosted its holdings in Home Depot by 2.9% in the second quarter. Trinity Legacy Partners LLC now owns 14,028 shares of the home improvement retailer’s stock valued at $4,829,000 after purchasing an additional 400 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Home Depot during the 2nd quarter worth $2,345,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Royal Bank of Canada decreased 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 note on Wednesday, August 14th. Stifel Nicolaus dropped their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. Finally, Melius Research began coverage on shares of Home Depot in a research note on Monday. They issued a “buy” rating and a $420.00 price objective on the stock. One equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $391.88.

Home Depot Trading Up 2.3 %

NYSE:HD opened at $400.95 on Wednesday. The company has a market capitalization of $398.26 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $401.11. The stock has a fifty day simple moving average of $366.26 and a 200-day simple moving average of $354.42. 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 quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating 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 company had revenue of $43.18 billion for 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 company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal 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 issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.