UMB Bank n.a. Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

UMB Bank n.a. decreased its stake in The Home Depot, Inc. (NYSE:HD) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,052 shares of the home improvement retailer’s stock after selling 4,218 shares during the quarter. Home Depot makes up 1.0% of UMB Bank n.a.’s holdings, making the stock its 20th biggest position. UMB Bank n.a.’s holdings in Home Depot were worth $64,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of HD. Garner Asset Management Corp acquired a new stake in shares of Home Depot in the fourth quarter valued at about $139,000. Kestra Advisory Services LLC grew its stake in Home Depot by 9.0% during the 4th 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 holdings in Home Depot by 20.1% in the 4th 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 during the last quarter. Gibson Capital LLC lifted its stake in Home Depot by 6.2% in the 4th quarter. Gibson Capital LLC now owns 1,168 shares of the home improvement retailer’s stock worth $405,000 after purchasing an additional 68 shares in the last quarter. Finally, Orleans Capital Management Corp LA boosted its holdings in shares of Home Depot by 1.2% during the 4th quarter. Orleans Capital Management Corp LA now owns 17,107 shares of the home improvement retailer’s stock worth $5,928,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. DA Davidson boosted their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Wednesday, October 2nd. Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their target price for the stock from $360.00 to $460.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $402.38.

Home Depot Stock Down 1.3 %

Shares of Home Depot stock traded down $5.55 during trading hours on Thursday, hitting $410.52. The company had a trading volume of 851,334 shares, compared to its average volume of 3,381,736. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company’s 50-day moving average is $376.18 and its two-hundred day moving average is $356.72. The company has a market cap of $407.08 billion, a P/E ratio of 27.59, a price-to-earnings-growth 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 posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $4.65 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

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.