Callahan Advisors LLC Sells 241 Shares of The Home Depot, Inc. (NYSE:HD)

Callahan Advisors LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,949 shares of the home improvement retailer’s stock after selling 241 shares during the period. Callahan Advisors LLC’s holdings in Home Depot were worth $1,600,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new position in Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC bought a new position in Home Depot during the 2nd quarter worth about $33,000. Denver PWM LLC bought a new position in Home Depot during the 2nd quarter worth about $40,000. Livelsberger Financial Advisory bought a new position in Home Depot during the 3rd quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot during the 2nd quarter worth about $47,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HD has been the topic of several recent research reports. TD Cowen increased their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Finally, UBS Group increased their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $415.26.

Home Depot Stock Performance

HD opened at $400.21 on Wednesday. The Home Depot, Inc. has a 12-month low of $286.79 and a 12-month high of $421.56. 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 firm has a market capitalization of $397.53 billion, a PE ratio of 26.93, a P/E/G ratio of 2.72 and a beta of 1.01. The firm has a 50 day moving average of $393.49 and a two-hundred day moving average of $362.92.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $4.65 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.25%. Home Depot’s payout ratio is 60.57%.

About Home Depot

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.