Sei Investments Co. Purchases 9,131 Shares of The Home Depot, Inc. (NYSE:HD)

Sei Investments Co. grew its position in The Home Depot, Inc. (NYSE:HD) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 239,055 shares of the home improvement retailer’s stock after purchasing an additional 9,131 shares during the quarter. Sei Investments Co.’s holdings in Home Depot were worth $82,293,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Home Depot in the 2nd quarter worth about $25,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot in the fourth quarter worth approximately $27,000. Kings Path Partners LLC bought a new stake in Home Depot in the second quarter worth approximately $33,000. Burkett Financial Services LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new position in shares of Home Depot during the 1st quarter worth approximately $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HD has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. Stifel Nicolaus reduced their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. UBS Group upped their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Finally, Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $389.04.

Home Depot Stock Down 0.1 %

HD stock opened at $389.86 on Friday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The stock has a market cap of $386.59 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.57 and a beta of 1.00. The stock’s fifty day simple moving average is $364.95 and its two-hundred day simple moving average is $354.28. The company has a current ratio of 1.15, a quick ratio of 0.33 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, beating the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion during 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%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.65 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 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.