Parker Financial LLC Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Parker Financial LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 10.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 661 shares of the home improvement retailer’s stock after selling 80 shares during the period. Parker Financial LLC’s holdings in Home Depot were worth $228,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Bey Douglas LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $913,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Home Depot by 1.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock worth $74,092,000 after acquiring an additional 2,209 shares during the period. Empirical Finance LLC boosted its holdings in shares of Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after acquiring an additional 1,195 shares in the last quarter. Commonwealth Retirement Investments LLC increased its stake in shares of Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after acquiring an additional 965 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in Home Depot by 34.8% during the first quarter. V Square Quantitative Management LLC now owns 15,913 shares of the home improvement retailer’s stock worth $6,104,000 after purchasing an additional 4,111 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Up 1.1 %

Shares of Home Depot stock opened at $374.49 on Friday. The firm has a market cap of $371.98 billion, a PE ratio of 25.12, a P/E/G ratio of 2.57 and a beta of 1.00. 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 Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The business’s fifty day moving average is $360.13 and its two-hundred day moving average is $354.18.

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. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $4.65 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Analyst Ratings Changes

HD has been the subject of several recent analyst reports. Royal Bank of Canada reduced their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. UBS Group raised their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research report on Thursday. Finally, DA Davidson raised their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $387.79.

Home Depot 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.