The Home Depot, Inc. (NYSE:HD) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 0.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,777 shares of the home improvement retailer’s stock after selling 43 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Home Depot were worth $2,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Fairway Wealth LLC acquired a new stake in Home Depot in the 2nd quarter valued at about $25,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $27,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot during the first quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot during the fourth quarter worth $39,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Evercore ISI cut their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. Loop Capital raised their price target on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday, September 17th. Royal Bank of Canada decreased their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, Melius Research assumed coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $396.23.

Home Depot Trading Up 0.1 %

HD opened at $411.56 on Friday. The business has a fifty day moving average price of $372.30 and a 200 day moving average price of $356.14. 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 Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $412.97. The stock has a market capitalization of $408.11 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the firm earned $4.65 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

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.