Kelly Financial Services LLC Purchases 143 Shares of The Home Depot, Inc. (NYSE:HD)

Kelly Financial Services LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,491 shares of the home improvement retailer’s stock after acquiring an additional 143 shares during the period. Kelly Financial Services LLC’s holdings in Home Depot were worth $604,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HD. Garner Asset Management Corp purchased a new stake in Home Depot in the 4th quarter worth about $139,000. Kestra Advisory Services LLC raised its stake in shares of Home Depot by 9.0% during the fourth quarter. Kestra Advisory Services LLC now owns 129,766 shares of the home improvement retailer’s stock valued at $44,971,000 after acquiring an additional 10,756 shares in the last quarter. Waverly Advisors LLC raised its stake in shares of Home Depot by 20.1% during the fourth quarter. Waverly Advisors LLC now owns 37,110 shares of the home improvement retailer’s stock valued at $12,861,000 after acquiring an additional 6,205 shares in the last quarter. Gibson Capital LLC raised its stake in shares of Home Depot by 6.2% during the fourth quarter. Gibson Capital LLC now owns 1,168 shares of the home improvement retailer’s stock valued at $405,000 after acquiring an additional 68 shares in the last quarter. Finally, Orleans Capital Management Corp LA raised its stake in Home Depot by 1.2% in the fourth quarter. Orleans Capital Management Corp LA now owns 17,107 shares of the home improvement retailer’s stock worth $5,928,000 after buying an additional 200 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $416.07 on Thursday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $420.03. The firm’s fifty day simple moving average is $376.18 and its 200-day simple moving average is $356.72. The firm has a market capitalization of $412.58 billion, a price-to-earnings ratio of 27.91, 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.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period last year, the business earned $4.65 EPS. The company’s revenue was up .6% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared 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 of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.16%. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. Jefferies Financial Group assumed 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 for the company. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada cut their price target 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. DA Davidson lifted their price target on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Oppenheimer lifted their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $402.38.

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.