The Home Depot, Inc. (NYSE:HD) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 215,374 shares of the home improvement retailer’s stock after purchasing an additional 5,043 shares during the period. Home Depot makes up approximately 0.7% of Amalgamated Bank’s holdings, making the stock its 18th biggest holding. Amalgamated Bank’s holdings in Home Depot were worth $87,270,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Texas Capital Bank Wealth Management Services Inc grew its position in shares of Home Depot by 27.6% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock worth $9,348,000 after buying an additional 5,879 shares in the last quarter. Empirical Finance LLC raised its position in shares of Home Depot by 3.3% during the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after acquiring an additional 1,195 shares in the last quarter. Pegasus Asset Management Inc. boosted its holdings in Home Depot by 1.8% in the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock worth $2,024,000 after purchasing an additional 86 shares during the period. Commonwealth Retirement Investments LLC increased its stake in Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after purchasing an additional 965 shares during the last quarter. Finally, Swedbank AB lifted its position in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after buying an additional 132,967 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of recent analyst reports. Barclays lifted their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. TD Cowen increased their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, UBS Group boosted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $415.26.

Home Depot Price Performance

Shares of NYSE:HD opened at $400.21 on Wednesday. The firm has a market cap of $397.53 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 2.72 and a beta of 1.01. 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 1 year low of $286.79 and a 1 year high of $421.56. The business has a fifty day simple moving average of $393.49 and a 200 day simple moving average of $362.92.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the previous year, the firm posted $4.65 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share 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 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 dividend yield of 2.25%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

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.