Kornitzer Capital Management Inc. KS Has $9.12 Million Stake in The Home Depot, Inc. (NYSE:HD)

Kornitzer Capital Management Inc. KS grew its position in The Home Depot, Inc. (NYSE:HD) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,494 shares of the home improvement retailer’s stock after purchasing an additional 250 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Home Depot were worth $9,115,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot during the 2nd quarter worth about $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 3rd quarter valued at about $46,000. Denver PWM LLC bought a new stake in Home Depot in the 2nd quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Home Depot by 68.0% during the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 51 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE:HD opened at $399.41 on Friday. The firm has a market capitalization of $396.73 billion, a PE ratio of 26.88, a P/E/G ratio of 2.74 and a beta of 1.01. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a 50-day moving average price of $393.80 and a two-hundred day moving average price of $363.10. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 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 733.61%. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the firm earned $4.65 EPS. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently issued reports on HD. Morgan Stanley lifted their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. UBS Group lifted 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. Guggenheim boosted their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Finally, Oppenheimer lifted their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $416.52.

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.