The Home Depot, Inc. (NYSE:HD) Shares Purchased by Crystal Rock Capital Management

Crystal Rock Capital Management raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 17.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,397 shares of the home improvement retailer’s stock after acquiring an additional 1,275 shares during the quarter. Home Depot accounts for about 2.0% of Crystal Rock Capital Management’s investment portfolio, making the stock its 19th largest holding. Crystal Rock Capital Management’s holdings in Home Depot were worth $3,402,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HD. WFA Asset Management Corp lifted its position in shares of Home Depot by 10.7% during the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after purchasing an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of 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 buying an additional 623 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in shares of Home Depot by 31.4% in the first quarter. Koshinski Asset Management Inc. now owns 9,125 shares of the home improvement retailer’s stock worth $3,501,000 after buying an additional 2,183 shares during the last quarter. Pettyjohn Wood & White Inc. increased its stake in shares of Home Depot by 0.3% in the first quarter. Pettyjohn Wood & White Inc. now owns 36,089 shares of the home improvement retailer’s stock worth $13,844,000 after buying an additional 114 shares during the last quarter. Finally, Hudson Value Partners LLC increased its stake in shares of Home Depot by 2.2% in the first quarter. Hudson Value Partners LLC now owns 9,536 shares of the home improvement retailer’s stock worth $3,658,000 after buying an additional 208 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HD. 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 research note on Tuesday, September 24th. DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Guggenheim boosted their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday. Finally, Sanford C. Bernstein started coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $422.81.

Home Depot Price Performance

NYSE HD opened at $408.29 on Tuesday. The stock’s 50-day moving average price is $395.99 and its two-hundred day moving average price is $364.77. 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 company has a market cap of $405.55 billion, a PE ratio of 27.48, a PEG ratio of 2.81 and a beta of 1.01. The Home Depot, Inc. has a 1 year low of $287.24 and a 1 year high of $421.56.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot’s payout ratio 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.