Lynx Investment Advisory Increases Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Lynx Investment Advisory lifted its position in The Home Depot, Inc. (NYSE:HD) by 19.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 528 shares of the home improvement retailer’s stock after buying an additional 85 shares during the quarter. Lynx Investment Advisory’s holdings in Home Depot were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Opinicus Capital Inc. raised its stake in Home Depot by 5.1% in the third quarter. Opinicus Capital Inc. now owns 4,428 shares of the home improvement retailer’s stock valued at $1,794,000 after purchasing an additional 213 shares in the last quarter. Laffer Tengler Investments Inc. raised its stake in Home Depot by 5.4% in the third quarter. Laffer Tengler Investments Inc. now owns 27,512 shares of the home improvement retailer’s stock valued at $11,148,000 after purchasing an additional 1,402 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Home Depot by 10.6% in the third quarter. Venturi Wealth Management LLC now owns 40,624 shares of the home improvement retailer’s stock valued at $16,461,000 after purchasing an additional 3,894 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its stake in Home Depot by 3.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 12,842 shares of the home improvement retailer’s stock valued at $5,204,000 after purchasing an additional 399 shares in the last quarter. Finally, Core Wealth Partners LLC raised its stake in Home Depot by 1.7% in the third quarter. Core Wealth Partners LLC now owns 2,421 shares of the home improvement retailer’s stock valued at $981,000 after purchasing an additional 40 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group initiated coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. Royal Bank of Canada raised their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday. Stifel Nicolaus increased their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday. Finally, DA Davidson increased their price target on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $422.81.

Home Depot Stock Performance

Shares of HD stock opened at $408.29 on Tuesday. The Home Depot, Inc. has a 12 month low of $287.24 and a 12 month high of $421.56. The stock has a market cap of $405.55 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.81 and a beta of 1.01. 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 company’s fifty day moving average price is $395.19 and its 200-day moving average price is $364.23.

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

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

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.