Oliver Lagore Vanvalin Investment Group Sells 52 Shares of The Home Depot, Inc. (NYSE:HD)

Oliver Lagore Vanvalin Investment Group lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 9.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 482 shares of the home improvement retailer’s stock after selling 52 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Home Depot were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empirical Finance LLC increased its stake in Home Depot by 3.3% in the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after buying an additional 1,195 shares during the period. Commonwealth Retirement Investments LLC increased its position in shares of Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after acquiring an additional 965 shares during the period. Leeward Financial Partners LLC raised its stake in shares of Home Depot by 7.3% during the first quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock valued at $4,001,000 after acquiring an additional 711 shares in the last quarter. Sanibel Captiva Trust Company Inc. purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $88,708,000. Finally, Johnson & White Wealth Management LLC grew its stake in Home Depot by 6.2% in the first quarter. Johnson & White Wealth Management LLC now owns 4,200 shares of the home improvement retailer’s stock worth $1,611,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.7 %

Shares of Home Depot stock opened at $399.44 on Friday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $403.54. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The stock has a market cap of $396.09 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The firm has a fifty day moving average price of $368.10 and a 200 day moving average price of $355.21.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $4.65 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HD shares. UBS Group lifted their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. upped their price objective 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. Evercore ISI cut their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, DA Davidson boosted their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $391.88.

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.