Savvy Advisors Inc. Acquires 1,059 Shares of The Home Depot, Inc. (NYSE:HD)

Savvy Advisors Inc. boosted its stake in The Home Depot, Inc. (NYSE:HD) by 25.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,143 shares of the home improvement retailer’s stock after purchasing an additional 1,059 shares during the period. Savvy Advisors Inc.’s holdings in Home Depot were worth $2,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proactive Wealth Strategies LLC purchased a new stake in shares of Home Depot in the 3rd quarter worth about $767,000. Crystal Rock Capital Management boosted its holdings in shares of Home Depot by 17.9% during the 3rd quarter. Crystal Rock Capital Management now owns 8,397 shares of the home improvement retailer’s stock valued at $3,402,000 after buying an additional 1,275 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of Home Depot by 517.5% in the 3rd quarter. Rakuten Securities Inc. now owns 247 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 207 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Home Depot by 5.9% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,052 shares of the home improvement retailer’s stock worth $4,070,000 after acquiring an additional 564 shares in the last quarter. Finally, WealthPLAN Partners LLC boosted its stake in Home Depot by 19.8% during the third quarter. WealthPLAN Partners LLC now owns 4,102 shares of the home improvement retailer’s stock worth $1,662,000 after acquiring an additional 679 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HD shares. Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Stifel Nicolaus boosted their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday. Oppenheimer raised their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $360.00 to $455.00 in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $422.81.

Home Depot Trading Up 0.5 %

Shares of NYSE:HD opened at $410.36 on Tuesday. The stock has a 50 day moving average of $395.99 and a 200 day moving average of $364.77. The company has a market cap of $407.61 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.81 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $287.24 and a 12-month high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) 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 firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the company posted $4.65 earnings per share. The company’s revenue for the quarter 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 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. Home Depot’s dividend payout ratio is presently 60.57%.

About Home Depot

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.