Perritt Capital Management Inc Has $139,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Perritt Capital Management Inc decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 54.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 403 shares of the home improvement retailer’s stock after selling 479 shares during the quarter. Perritt Capital Management Inc’s holdings in Home Depot were worth $139,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $27,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot in the first quarter valued at approximately $38,000. Burkett Financial Services LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Home Depot during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.1 %

Shares of HD opened at $370.49 on Thursday. The stock has a market capitalization of $367.38 billion, a PE ratio of 24.85, a P/E/G ratio of 2.49 and a beta of 1.00. The firm’s 50 day moving average is $359.31 and its 200-day moving average is $354.03. 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 Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.65 earnings per share. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. UBS Group lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Finally, Truist Financial dropped their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $387.79.

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.