The Home Depot, Inc. (NYSE:HD) is Benjamin F. Edwards & Company Inc.’s 9th Largest Position

Benjamin F. Edwards & Company Inc. boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 184,203 shares of the home improvement retailer’s stock after acquiring an additional 3,905 shares during the quarter. Home Depot accounts for 1.1% of Benjamin F. Edwards & Company Inc.’s portfolio, making the stock its 9th biggest holding. Benjamin F. Edwards & Company Inc.’s holdings in Home Depot were worth $63,410,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HD. Fairway Wealth LLC purchased a new stake in Home Depot during the second quarter valued at $25,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot during the fourth quarter valued at about $27,000. Kings Path Partners LLC bought a new stake in Home Depot during the second quarter valued at about $33,000. Burkett Financial Services LLC bought a new stake in Home Depot during the fourth quarter valued at about $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot during the first quarter valued at about $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $390.39 on Friday. 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 market capitalization of $387.12 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The business’s 50-day moving average is $364.35 and its 200 day moving average is $354.38.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) 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 business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders 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 dividend on an annualized basis and a yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

Several analysts have issued reports on HD shares. 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. DA Davidson boosted their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Loop Capital boosted their price target on Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Finally, UBS Group boosted 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $389.04.

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.