The Home Depot, Inc. (NYSE:HD) Shares Purchased by MONECO Advisors LLC

MONECO Advisors LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 12.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,599 shares of the home improvement retailer’s stock after buying an additional 513 shares during the quarter. MONECO Advisors LLC’s holdings in Home Depot were worth $1,864,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HD. Integrated Advisors Network LLC lifted its stake in Home Depot by 4.3% in the 3rd quarter. Integrated Advisors Network LLC now owns 20,870 shares of the home improvement retailer’s stock valued at $8,457,000 after buying an additional 864 shares in the last quarter. MBA Advisors LLC boosted its stake in shares of Home Depot by 1.8% during the third quarter. MBA Advisors LLC now owns 2,473 shares of the home improvement retailer’s stock valued at $1,002,000 after acquiring an additional 44 shares during the last quarter. Legacy Wealth Management Inc acquired a new position in Home Depot in the 3rd quarter valued at about $252,000. Fortitude Family Office LLC boosted its stake in shares of Home Depot by 110.9% during the 3rd quarter. Fortitude Family Office LLC now owns 5,557 shares of the home improvement retailer’s stock worth $2,252,000 after purchasing an additional 2,922 shares during the last quarter. Finally, Geometric Wealth Advisors acquired a new position in shares of Home Depot in the third quarter valued at approximately $210,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $395.10 on Wednesday. The firm’s 50 day moving average is $391.17 and its two-hundred day moving average is $360.80. The firm has a market capitalization of $391.79 billion, a P/E ratio of 26.50, a PEG ratio of 2.78 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 52 week low of $276.96 and a 52 week high of $421.56.

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

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group lifted their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Guggenheim upped their price objective 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. Evercore ISI decreased their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus dropped their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $413.48.

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.