The Home Depot, Inc. (NYSE:HD) Position Reduced by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,954 shares of the home improvement retailer’s stock after selling 302 shares during the period. Harbor Investment Advisory LLC’s holdings in Home Depot were worth $5,249,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HD. Fairway Wealth LLC acquired a new position in shares of Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the second quarter worth $33,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot in the first quarter worth $38,000. Livelsberger Financial Advisory bought a new position in Home Depot during the fourth quarter worth $39,000. Finally, Denver PWM LLC acquired a new position in Home Depot during the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HD. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Wednesday. Stifel Nicolaus cut their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. Loop Capital upped their target price on Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th. 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-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $398.54.

Home Depot Stock Down 0.8 %

Shares of NYSE:HD traded down $3.22 during trading on Friday, hitting $408.36. 3,989,606 shares of the company’s stock traded hands, compared to its average volume of 3,392,598. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a 50-day moving average price of $373.28 and a 200-day moving average price of $356.40. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $412.97. The company has a market cap of $404.94 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion during 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 quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.65 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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 $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 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.