Amalgamated Bank Sells 6,147 Shares of The Home Depot, Inc. (NYSE:HD)

Amalgamated Bank cut its holdings in The Home Depot, Inc. (NYSE:HD) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,331 shares of the home improvement retailer’s stock after selling 6,147 shares during the period. Home Depot comprises approximately 0.6% of Amalgamated Bank’s portfolio, making the stock its 19th biggest holding. Amalgamated Bank’s holdings in Home Depot were worth $72,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Home Depot in the 2nd quarter valued at $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot in the 4th quarter worth about $27,000. Kings Path Partners LLC bought a new position in Home Depot during the second quarter valued at about $33,000. Burkett Financial Services LLC purchased a new stake in Home Depot during the fourth quarter worth about $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot in the first quarter worth about $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.4 %

HD stock opened at $383.46 on Wednesday. The company’s 50 day moving average is $362.82 and its 200 day moving average is $353.92. The stock has a market cap of $380.24 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. 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 $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion for 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%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.65 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.35%. Home Depot’s payout ratio is 60.36%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. DA Davidson raised their target price on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada dropped their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, UBS Group upped their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. One investment 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, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $389.04.

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.