SPC Financial Inc. Acquires 571 Shares of The Home Depot, Inc. (NYSE:HD)

SPC Financial Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 14.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,481 shares of the home improvement retailer’s stock after buying an additional 571 shares during the quarter. SPC Financial Inc.’s holdings in Home Depot were worth $1,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Granite Bay Wealth Management LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at $230,000. Ted Buchan & Co purchased a new stake in Home Depot in the 2nd quarter valued at $327,000. Regency Capital Management Inc. DE lifted its stake in Home Depot by 46.5% during the 2nd quarter. Regency Capital Management Inc. DE now owns 4,048 shares of the home improvement retailer’s stock valued at $1,393,000 after acquiring an additional 1,285 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in Home Depot by 1.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 67,866 shares of the home improvement retailer’s stock worth $23,362,000 after acquiring an additional 968 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in shares of Home Depot in the 2nd quarter worth $42,414,000. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HD shares. Stifel Nicolaus dropped their price target 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. JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. DA Davidson raised their price target on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Finally, Royal Bank of Canada reduced their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $394.08.

Home Depot Stock Up 1.4 %

HD opened at $405.02 on Tuesday. The business’s fifty day simple moving average is $368.93 and its 200 day simple moving average is $355.11. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $405.31. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The stock has a market cap of $401.62 billion, a PE ratio of 27.16, a P/E/G ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last announced 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. 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 for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period last year, the firm posted $4.65 EPS. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio 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.