American Capital Advisory LLC Increases Stock Position in The Home Depot, Inc. (NYSE:HD)

American Capital Advisory LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 78.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 182 shares of the home improvement retailer’s stock after acquiring an additional 80 shares during the period. American Capital Advisory LLC’s holdings in Home Depot were worth $74,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. WFA Asset Management Corp boosted its holdings in Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after acquiring an additional 135 shares during the period. China Universal Asset Management Co. Ltd. lifted its stake in Home Depot by 5.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after acquiring an additional 623 shares during the last quarter. Avidian Wealth Solutions LLC grew its holdings in Home Depot by 3.1% during the 1st quarter. Avidian Wealth Solutions LLC now owns 14,261 shares of the home improvement retailer’s stock worth $5,471,000 after acquiring an additional 432 shares in the last quarter. Catalina Capital Group LLC grew its holdings in Home Depot by 61.2% during the 1st quarter. Catalina Capital Group LLC now owns 5,618 shares of the home improvement retailer’s stock worth $2,155,000 after acquiring an additional 2,133 shares in the last quarter. Finally, Carson Advisory Inc. increased its position in shares of Home Depot by 0.5% in the 1st quarter. Carson Advisory Inc. now owns 6,618 shares of the home improvement retailer’s stock valued at $2,539,000 after purchasing an additional 30 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. Evercore ISI cut their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. DA Davidson upped their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus cut their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $416.37.

Home Depot Stock Down 3.0 %

Home Depot stock opened at $388.19 on Thursday. The stock’s 50 day moving average price is $393.80 and its 200 day moving average price is $363.10. The company has a market cap of $385.59 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.01. 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 Home Depot, Inc. has a 1-year low of $286.79 and a 1-year high of $421.56.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the company posted $4.65 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company 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. This represents a $9.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.57%.

About Home Depot

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.