Burt Wealth Advisors Trims Stake in The Home Depot, Inc. (NYSE:HD)

Burt Wealth Advisors decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,311 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Burt Wealth Advisors’ holdings in Home Depot were worth $531,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Capital Performance Advisors LLP boosted its holdings in shares of Home Depot by 22.1% during the third quarter. Capital Performance Advisors LLP now owns 740 shares of the home improvement retailer’s stock worth $300,000 after purchasing an additional 134 shares during the last quarter. Philip James Wealth Mangement LLC lifted its position in Home Depot by 1,746.6% during the third quarter. Philip James Wealth Mangement LLC now owns 13,960 shares of the home improvement retailer’s stock worth $5,656,000 after buying an additional 13,204 shares during the period. Stiles Financial Services Inc boosted its stake in Home Depot by 3.5% in the 3rd quarter. Stiles Financial Services Inc now owns 8,726 shares of the home improvement retailer’s stock worth $3,535,000 after buying an additional 296 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. grew its holdings in Home Depot by 0.5% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 13,507 shares of the home improvement retailer’s stock valued at $5,473,000 after buying an additional 63 shares during the period. Finally, AIA Group Ltd increased its stake in shares of Home Depot by 3.1% during the 3rd quarter. AIA Group Ltd now owns 152,992 shares of the home improvement retailer’s stock valued at $61,992,000 after acquiring an additional 4,583 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE HD opened at $405.90 on Friday. 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 has a market capitalization of $403.18 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 2.69 and a beta of 1.01. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56. The business has a 50 day simple moving average of $395.19 and a 200-day simple moving average of $363.84.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping 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 company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the company earned $4.65 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business 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. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. Home Depot’s payout ratio is currently 60.57%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays boosted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Stifel Nicolaus lowered their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $420.04.

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.