Childress Capital Advisors LLC Has $1.12 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Childress Capital Advisors LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 2.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,244 shares of the home improvement retailer’s stock after purchasing an additional 90 shares during the quarter. Childress Capital Advisors LLC’s holdings in Home Depot were worth $1,117,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ruedi Wealth Management Inc. raised its holdings in shares of Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after purchasing an additional 27 shares in the last quarter. Cape Investment Advisory Inc. grew its position in shares of Home Depot by 1.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after acquiring an additional 28 shares during the last quarter. Acorn Creek Capital LLC increased its stake in Home Depot by 3.4% in the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after purchasing an additional 28 shares during the period. STAR Financial Bank raised its stake in shares of Home Depot by 0.7% during the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 29 shares during the last quarter. Finally, Talisman Wealth Advisors LLC boosted its holdings in shares of Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after acquiring an additional 29 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.5 %

Shares of NYSE:HD opened at $360.00 on Friday. The company has a market cap of $356.98 billion, a PE ratio of 24.27, a P/E/G ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The stock’s 50-day moving average is $356.96 and its 200 day moving average is $354.11. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $4.65 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HD. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Tuesday, August 13th. Stifel Nicolaus decreased their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Loop Capital lowered their target price on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their price target on shares of 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $387.79.

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.