Sanctuary Advisors LLC Purchases Shares of 177,935 The Home Depot, Inc. (NYSE:HD)

Sanctuary Advisors LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 177,935 shares of the home improvement retailer’s stock, valued at approximately $59,624,000.

Other institutional investors have also recently made changes to their positions in the company. J. W. Coons Advisors LLC raised its position in shares of Home Depot by 1.0% during the 4th quarter. J. W. Coons Advisors LLC now owns 7,345 shares of the home improvement retailer’s stock valued at $2,546,000 after buying an additional 71 shares in the last quarter. Carmignac Gestion raised its position in Home Depot by 41.1% during the fourth quarter. Carmignac Gestion now owns 3,234 shares of the home improvement retailer’s stock valued at $1,121,000 after purchasing an additional 942 shares during the period. Fairview Capital Investment Management LLC purchased a new stake in Home Depot during the fourth quarter valued at approximately $278,000. Capital International Sarl lifted its stake in shares of Home Depot by 12.1% in the 4th quarter. Capital International Sarl now owns 69,195 shares of the home improvement retailer’s stock valued at $23,980,000 after purchasing an additional 7,446 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Home Depot by 7.2% in the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 1.0 %

NYSE:HD opened at $409.21 on Wednesday. The firm has a 50-day simple moving average of $369.92 and a 200-day simple moving average of $355.36. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $410.56. The firm has a market cap of $405.78 billion, a P/E ratio of 27.45, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

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 company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.65 earnings per share. Equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analysts Set New Price Targets

Several research firms recently weighed in on HD. UBS Group increased their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Loop Capital increased their target price 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. Melius Research initiated coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. Oppenheimer upped their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Finally, Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $394.08.

About Home Depot

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.