Brookstone Capital Management Reduces Position in The Home Depot, Inc. (NYSE:HD)

Brookstone Capital Management trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 8.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,472 shares of the home improvement retailer’s stock after selling 2,988 shares during the period. Brookstone Capital Management’s holdings in Home Depot were worth $12,752,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HD. Trust Co of Kansas raised its stake in Home Depot by 14.6% during the 3rd quarter. Trust Co of Kansas now owns 1,177 shares of the home improvement retailer’s stock worth $477,000 after acquiring an additional 150 shares during the period. Reliant Investment Management LLC increased its stake in shares of Home Depot by 1.3% in the third quarter. Reliant Investment Management LLC now owns 19,256 shares of the home improvement retailer’s stock worth $7,803,000 after purchasing an additional 250 shares in the last quarter. Country Trust Bank raised its position in shares of Home Depot by 10.5% during the 3rd quarter. Country Trust Bank now owns 1,051 shares of the home improvement retailer’s stock valued at $426,000 after purchasing an additional 100 shares during the period. FCF Advisors LLC lifted its stake in shares of Home Depot by 18.0% during the 3rd quarter. FCF Advisors LLC now owns 30,509 shares of the home improvement retailer’s stock valued at $12,362,000 after buying an additional 4,659 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its holdings in Home Depot by 2.4% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 17,337 shares of the home improvement retailer’s stock worth $7,025,000 after buying an additional 409 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.5 %

Shares of NYSE:HD opened at $416.07 on Thursday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $420.03. 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 firm has a market capitalization of $412.58 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The business has a 50 day simple moving average of $375.22 and a two-hundred day simple moving average of $356.30.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate 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%. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.65 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is 60.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. Jefferies Financial Group initiated coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their price objective for the company from $360.00 to $460.00 in a report on Wednesday. Guggenheim lifted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Oppenheimer upped their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $402.38.

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.