The Home Depot, Inc. (NYSE:HD) Shares Purchased by Northstar Group Inc.

Northstar Group Inc. increased its stake in The Home Depot, Inc. (NYSE:HD) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,191 shares of the home improvement retailer’s stock after buying an additional 130 shares during the period. Northstar Group Inc.’s holdings in Home Depot were worth $2,509,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Morton Capital Management LLC CA grew its position in shares of Home Depot by 7.6% in the 3rd quarter. Morton Capital Management LLC CA now owns 3,458 shares of the home improvement retailer’s stock worth $1,401,000 after acquiring an additional 244 shares in the last quarter. Atlas Private Wealth Advisors raised its stake in shares of Home Depot by 0.5% during the third quarter. Atlas Private Wealth Advisors now owns 8,002 shares of the home improvement retailer’s stock valued at $3,242,000 after purchasing an additional 39 shares in the last quarter. Kelly Financial Services LLC lifted its stake in shares of Home Depot by 10.6% in the 3rd quarter. Kelly Financial Services LLC now owns 1,491 shares of the home improvement retailer’s stock worth $604,000 after acquiring an additional 143 shares during the period. Mountain Pacific Investment Advisers LLC lifted its position in Home Depot by 3.7% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 2,869 shares of the home improvement retailer’s stock worth $1,163,000 after purchasing an additional 102 shares during the period. Finally, Wealth Group Ltd acquired a new stake in shares of Home Depot in the third quarter valued at $217,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE HD traded down $2.73 during mid-day trading on Thursday, hitting $413.34. 227,296 shares of the stock were exchanged, compared to its average volume of 3,378,552. The stock’s fifty day simple moving average is $376.18 and its two-hundred day simple moving average is $356.72. 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 cap of $409.87 billion, a P/E ratio of 27.91, a PEG ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $420.03.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period last year, the company earned $4.65 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, 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. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.18%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

A number of analysts recently commented on HD shares. Guggenheim boosted their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Oppenheimer upped their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Royal Bank of Canada lowered their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Gordon Haskett upgraded 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. Finally, Evercore ISI dropped their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $402.38.

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.