Financial Enhancement Group LLC Sells 30 Shares of The Home Depot, Inc. (NYSE:HD)

Financial Enhancement Group LLC cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% in the third quarter, HoldingsChannel reports. The firm owned 755 shares of the home improvement retailer’s stock after selling 30 shares during the period. Financial Enhancement Group LLC’s holdings in Home Depot were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HD. Graypoint LLC boosted its stake in Home Depot by 6.7% in the 3rd quarter. Graypoint LLC now owns 12,488 shares of the home improvement retailer’s stock worth $5,060,000 after purchasing an additional 787 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of Home Depot in the third quarter worth about $1,182,000. M&G PLC lifted its holdings in Home Depot by 4.3% in the third quarter. M&G PLC now owns 255,434 shares of the home improvement retailer’s stock valued at $103,451,000 after acquiring an additional 10,456 shares during the period. American Capital Advisory LLC grew its position in shares of Home Depot by 78.4% during the 3rd quarter. American Capital Advisory LLC now owns 182 shares of the home improvement retailer’s stock valued at $74,000 after acquiring an additional 80 shares during the period. Finally, Consilium Wealth Advisory LLC lifted its stake in Home Depot by 3.9% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 2,802 shares of the home improvement retailer’s stock valued at $1,135,000 after buying an additional 106 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $388.19 on Thursday. The stock’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 52-week low of $286.79 and a 52-week high of $421.56. 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 stock 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.

Home Depot (NYSE:HD) last released 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. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company 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 firm posted $4.65 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.57%.

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Evercore ISI dropped their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Oppenheimer lifted their target price on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley upped their target price on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $416.37.

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.