The Home Depot, Inc. (NYSE:HD) Shares Sold by MBL Wealth LLC

MBL Wealth LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,314 shares of the home improvement retailer’s stock after selling 215 shares during the quarter. MBL Wealth LLC’s holdings in Home Depot were worth $1,829,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Home Depot in the 4th quarter valued at about $4,311,070,000. Alphinity Investment Management Pty Ltd purchased a new stake in Home Depot in the first quarter valued at approximately $513,016,000. Jennison Associates LLC boosted its holdings in shares of Home Depot by 38.4% in the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock valued at $1,506,659,000 after purchasing an additional 1,207,388 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after buying an additional 992,444 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after buying an additional 971,833 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock traded up $1.99 during trading hours on Friday, hitting $362.06. 3,308,320 shares of the company’s stock were exchanged, compared to its average volume of 3,434,097. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87. The stock has a market cap of $359.02 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The stock’s 50-day moving average is $350.74 and its 200-day moving average is $353.23.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating 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 9.79% and a return on equity of 1,056.67%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.65 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

Analysts Set New Price Targets

Several research analysts recently commented on HD shares. Wedbush restated an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. HSBC reduced their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research note on Wednesday, May 15th. TD Cowen reduced their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, Citigroup decreased their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $386.33.

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.