Chicago Capital LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

Chicago Capital LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.9% during the 2nd quarter, Holdings Channel reports. The fund owned 46,655 shares of the home improvement retailer’s stock after purchasing an additional 3,005 shares during the period. Chicago Capital LLC’s holdings in Home Depot were worth $16,060,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $27,000. Kings Path Partners LLC purchased a new position in Home Depot in the 2nd quarter valued at about $33,000. Burkett Financial Services LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $38,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot during the first quarter worth $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $39,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of NYSE:HD traded down $1.80 on Friday, hitting $360.05. The company’s stock had a trading volume of 2,228,832 shares, compared to its average volume of 3,406,975. The stock’s 50-day moving average is $357.27 and its two-hundred day moving average is $354.10. The company has a market capitalization of $357.03 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the company earned $4.65 earnings per share. Home Depot’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on HD shares. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Jefferies Financial Group started coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. TD Cowen cut their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, DA Davidson increased their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $387.79.

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.