Creekside Partners Purchases Shares of 1,425 The Home Depot, Inc. (NYSE:HD)

Creekside Partners purchased a new position in The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,425 shares of the home improvement retailer’s stock, valued at approximately $491,000.

Other large investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Home Depot during the 2nd quarter worth about $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot during the fourth quarter worth about $27,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the second quarter worth about $33,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot in the 1st quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.0 %

Shares of HD opened at $409.21 on Wednesday. The stock has a 50 day moving average price of $369.92 and a 200 day moving average price of $355.36. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $410.56. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a market capitalization of $405.78 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business 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 company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.65 earnings per share. Equities 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 announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HD. Royal Bank of Canada dropped their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus cut their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. Loop Capital upped their target price on Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research note on Tuesday, September 17th. Finally, Melius Research started coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $394.08.

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.