WoodTrust Financial Corp Raises Stake in The Home Depot, Inc. (NYSE:HD)

WoodTrust Financial Corp boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 27,723 shares of the home improvement retailer’s stock after purchasing an additional 1,655 shares during the period. Home Depot makes up 1.6% of WoodTrust Financial Corp’s investment portfolio, making the stock its 18th largest holding. WoodTrust Financial Corp’s holdings in Home Depot were worth $11,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Fairway Wealth LLC acquired a new position in Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the second quarter worth approximately $33,000. Denver PWM LLC purchased a new stake in Home Depot during the second quarter worth approximately $40,000. Livelsberger Financial Advisory purchased a new stake in Home Depot during the third quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the second quarter worth $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. UBS Group upped their price target 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. Stifel Nicolaus decreased their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Barclays raised their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.37.

Home Depot Price Performance

Shares of Home Depot stock opened at $388.19 on Thursday. 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 $385.59 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.01. The business’s 50-day moving average price is $393.80 and its 200-day moving average price is $363.10. The Home Depot, Inc. has a 12 month low of $286.79 and a 12 month high of $421.56.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating 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 733.61% and a net margin of 9.71%. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $4.65 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.32%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 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.