Emprise Bank Decreases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Emprise Bank trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 10.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,091 shares of the home improvement retailer’s stock after selling 351 shares during the period. Emprise Bank’s holdings in Home Depot were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. J. W. Coons Advisors LLC increased its holdings in Home Depot by 1.0% during the fourth quarter. J. W. Coons Advisors LLC now owns 7,345 shares of the home improvement retailer’s stock valued at $2,546,000 after buying an additional 71 shares during the last quarter. Menlo Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter worth $220,000. Exencial Wealth Advisors LLC increased its stake in shares of Home Depot by 24.5% in the fourth quarter. Exencial Wealth Advisors LLC now owns 7,843 shares of the home improvement retailer’s stock worth $2,718,000 after purchasing an additional 1,543 shares in the last quarter. Aristides Capital LLC purchased a new stake in shares of Home Depot in the fourth quarter worth $1,386,000. Finally, Pinnacle West Asset Management Inc. increased its stake in shares of Home Depot by 3.9% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 8,635 shares of the home improvement retailer’s stock worth $2,992,000 after purchasing an additional 325 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.5 %

NYSE HD opened at $411.19 on Thursday. 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 company has a market capitalization of $407.74 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The company’s 50-day simple moving average is $371.14 and its two-hundred day simple moving average is $355.75. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $411.46.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $4.65 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Ratings Changes

HD has been the subject of a number of analyst reports. Loop Capital increased their price objective on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research note on Tuesday, September 17th. UBS Group upped their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Wednesday. DA Davidson upped their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus dropped their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.23.

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.