Ameritas Investment Partners Inc. Sells 164 Shares of The Home Depot, Inc. (NYSE:HD)

Ameritas Investment Partners Inc. reduced its position in The Home Depot, Inc. (NYSE:HD) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,338 shares of the home improvement retailer’s stock after selling 164 shares during the period. Ameritas Investment Partners Inc.’s holdings in Home Depot were worth $8,722,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HD. Fairway Wealth LLC purchased a new stake in shares of Home Depot during the second quarter worth about $25,000. Frank Rimerman Advisors LLC purchased a new stake in Home Depot during the 4th quarter worth approximately $27,000. Kings Path Partners LLC acquired a new position in Home Depot during the 2nd quarter valued at approximately $33,000. Burkett Financial Services LLC purchased a new position in shares of Home Depot in the fourth quarter worth $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot during the first quarter worth $38,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HD. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. DA Davidson increased their price objective on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Truist Financial decreased their target price on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Royal Bank of Canada decreased their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $389.04.

Home Depot Trading Down 0.1 %

Shares of HD opened at $389.97 on Friday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The stock has a market cap of $386.70 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The firm’s fifty day moving average is $364.95 and its two-hundred day moving average is $354.45. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted its quarterly 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. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $4.65 earnings per share. Research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio is presently 60.36%.

Home Depot Profile

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.