Next Level Private LLC Grows Position in The Home Depot, Inc. (NYSE:HD)

Next Level Private LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,642 shares of the home improvement retailer’s stock after buying an additional 612 shares during the period. Home Depot makes up 1.1% of Next Level Private LLC’s portfolio, making the stock its 26th biggest position. Next Level Private LLC’s holdings in Home Depot were worth $2,691,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Home Depot in the second quarter worth about $25,000. Kings Path Partners LLC purchased a new position in Home Depot during the 2nd quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot during the 1st quarter valued at approximately $38,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the 4th quarter valued at approximately $39,000. Finally, Denver PWM LLC purchased a new position in shares of Home Depot in the 2nd quarter worth approximately $40,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada decreased their price target on 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. Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Oppenheimer boosted their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus dropped their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $402.38.

Home Depot Price Performance

Shares of NYSE:HD opened at $411.90 on Friday. The firm’s 50 day moving average is $378.34 and its two-hundred day moving average is $357.28. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $420.03. The firm has a market capitalization of $409.14 billion, a P/E ratio of 27.72, a PEG ratio of 2.88 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.

Home Depot (NYSE:HD) last posted 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the previous year, the business posted $4.65 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, August 29th. 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.