The Home Depot, Inc. (NYSE:HD) is LS Investment Advisors LLC’s 4th Largest Position

LS Investment Advisors LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,442 shares of the home improvement retailer’s stock after selling 791 shares during the quarter. Home Depot accounts for 3.5% of LS Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest position. LS Investment Advisors LLC’s holdings in Home Depot were worth $23,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFB Advisors LLC increased its holdings in Home Depot by 4.0% in the 3rd quarter. TFB Advisors LLC now owns 1,445 shares of the home improvement retailer’s stock valued at $586,000 after purchasing an additional 56 shares in the last quarter. Trinity Legacy Partners LLC boosted its holdings in Home Depot by 7.3% in the 3rd quarter. Trinity Legacy Partners LLC now owns 15,052 shares of the home improvement retailer’s stock worth $6,253,000 after acquiring an additional 1,024 shares during the period. Tandem Investment Advisors Inc. grew its position in Home Depot by 79.6% in the third quarter. Tandem Investment Advisors Inc. now owns 2,564 shares of the home improvement retailer’s stock valued at $1,039,000 after acquiring an additional 1,136 shares in the last quarter. Portside Wealth Group LLC raised its stake in shares of Home Depot by 8.5% during the third quarter. Portside Wealth Group LLC now owns 7,157 shares of the home improvement retailer’s stock valued at $2,900,000 after purchasing an additional 560 shares during the period. Finally, Consolidated Planning Corp grew its holdings in Home Depot by 7.3% during the 3rd quarter. Consolidated Planning Corp now owns 28,769 shares of the home improvement retailer’s stock valued at $11,657,000 after purchasing an additional 1,951 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 2.8 %

NYSE HD opened at $399.41 on Friday. The company has a market capitalization of $396.73 billion, a P/E ratio of 26.88, a PEG ratio of 2.74 and a beta of 1.01. The Home Depot, Inc. has a 12 month low of $286.79 and a 12 month high of $421.56. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company’s 50 day simple moving average is $393.80 and its 200 day simple moving average is $363.10.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.65 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced 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 dividend yield of 2.25%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HD. Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price for the company. Jefferies Financial Group initiated coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective on the stock. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and raised their price objective for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. One investment 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. Based on data from MarketBeat.com, Home Depot presently has a consensus 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.