Richard P Slaughter Associates Inc Takes $206,000 Position in The Home Depot, Inc. (NYSE:HD)

Richard P Slaughter Associates Inc purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 509 shares of the home improvement retailer’s stock, valued at approximately $206,000.

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

Home Depot Trading Down 0.0 %

NYSE HD opened at $408.23 on Tuesday. The firm has a market capitalization of $404.81 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The business’s 50-day moving average price is $373.28 and its two-hundred day moving average price is $356.04. 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 Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $412.97.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 earnings per share. On average, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Analyst Ratings Changes

Several brokerages have weighed in on HD. JPMorgan Chase & Co. lifted their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada cut 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 report on Wednesday, August 14th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. Guggenheim upped their price target on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday. Finally, Jefferies Financial Group started coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $398.54.

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.