Tealwood Asset Management Inc. Has $2.52 Million Stake in The Home Depot, Inc. (NYSE:HD)

Tealwood Asset Management Inc. trimmed its position in The Home Depot, Inc. (NYSE:HD) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,218 shares of the home improvement retailer’s stock after selling 62 shares during the quarter. Home Depot accounts for 1.1% of Tealwood Asset Management Inc.’s portfolio, making the stock its 26th largest position. Tealwood Asset Management Inc.’s holdings in Home Depot were worth $2,520,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC bought a new stake in Home Depot in the second quarter valued at $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot in the first quarter valued at $38,000. Livelsberger Financial Advisory bought a new stake in Home Depot in the fourth quarter valued at $39,000. Finally, Denver PWM LLC bought a new stake in Home Depot in the second quarter valued at $40,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Up 0.8 %

Shares of NYSE HD traded up $3.36 during mid-day trading on Tuesday, reaching $411.42. 1,309,692 shares of the company’s stock were exchanged, compared to its average volume of 3,380,996. The firm has a market capitalization of $407.97 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 2.71 and a beta of 1.00. 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 business has a fifty day simple moving average of $374.21 and a 200 day simple moving average of $356.13. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $413.82.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.65 earnings per share. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Loop Capital upped their price target on Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research report on Tuesday, September 17th. Evercore ISI decreased their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Oppenheimer increased their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $398.54.

Home Depot Company 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.