Wallace Advisory Group LLC Sells 213 Shares of The Home Depot, Inc. (NYSE:HD)

Wallace Advisory Group LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 13.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,397 shares of the home improvement retailer’s stock after selling 213 shares during the period. Wallace Advisory Group LLC’s holdings in Home Depot were worth $481,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HD. Gilbert & Cook Inc. grew its stake in Home Depot by 3.9% during the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock valued at $1,475,000 after acquiring an additional 158 shares in the last quarter. Aveo Capital Partners LLC grew its position in shares of Home Depot by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after purchasing an additional 122 shares in the last quarter. 9258 Wealth Management LLC increased its holdings in shares of Home Depot by 4.2% in the fourth quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after purchasing an additional 557 shares during the last quarter. J. W. Coons Advisors LLC lifted its position in shares of Home Depot by 1.0% in the fourth quarter. J. W. Coons Advisors LLC now owns 7,345 shares of the home improvement retailer’s stock worth $2,546,000 after buying an additional 71 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its stake in Home Depot by 10.6% during the fourth quarter. CWA Asset Management Group LLC now owns 15,487 shares of the home improvement retailer’s stock valued at $5,367,000 after buying an additional 1,481 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.7 %

Home Depot stock opened at $399.53 on Monday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $403.54. The business has a fifty day moving average of $368.10 and a two-hundred day moving average of $354.90. The firm has a market cap of $396.18 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.71 and a beta of 1.00. 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 issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $4.65 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal 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 given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.25%. Home Depot’s payout ratio is 60.36%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HD shares. Stifel Nicolaus reduced their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Loop Capital upped their price target on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, DA Davidson increased 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.