The Home Depot, Inc. (NYSE:HD) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,327 shares of the home improvement retailer’s stock after selling 466 shares during the period. Ameritas Advisory Services LLC’s holdings in Home Depot were worth $5,805,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heritage Investors Management Corp grew its position in Home Depot by 0.7% during the third quarter. Heritage Investors Management Corp now owns 130,033 shares of the home improvement retailer’s stock valued at $52,688,000 after buying an additional 845 shares during the period. Hanlon Investment Management Inc. grew its position in shares of Home Depot by 24.8% in the third quarter. Hanlon Investment Management Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after purchasing an additional 200 shares during the period. Clarity Financial LLC increased its stake in shares of Home Depot by 33.7% during the third quarter. Clarity Financial LLC now owns 2,057 shares of the home improvement retailer’s stock worth $833,000 after purchasing an additional 518 shares in the last quarter. Amalgamated Bank raised its position in shares of Home Depot by 2.4% during the 3rd quarter. Amalgamated Bank now owns 215,374 shares of the home improvement retailer’s stock worth $87,270,000 after purchasing an additional 5,043 shares during the last quarter. Finally, United Advisor Group LLC lifted its stake in Home Depot by 13.0% in the 3rd quarter. United Advisor Group LLC now owns 2,933 shares of the home improvement retailer’s stock valued at $1,188,000 after buying an additional 337 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of several research reports. Oppenheimer boosted their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their price target for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. DA Davidson increased their price objective on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Sanford C. Bernstein assumed coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $415.26.

Home Depot Price Performance

HD stock opened at $400.21 on Wednesday. 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 business has a fifty day moving average of $393.49 and a two-hundred day moving average of $362.92. The Home Depot, Inc. has a 52-week low of $286.79 and a 52-week high of $421.56. The stock has a market cap of $397.53 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. Home Depot’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current 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 given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.57%.

Home Depot Company 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.