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

SVB Wealth LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 6.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,021 shares of the home improvement retailer’s stock after selling 6,467 shares during the period. Home Depot accounts for about 0.9% of SVB Wealth LLC’s holdings, making the stock its 18th biggest holding. SVB Wealth LLC’s holdings in Home Depot were worth $34,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the 4th quarter valued at $27,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $33,000. Burkett Financial Services LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in Home Depot during the first quarter worth about $38,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot during the fourth quarter worth about $39,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.5 %

Shares of NYSE:HD traded down $1.80 during trading hours on Friday, reaching $360.05. The stock had a trading volume of 2,228,832 shares, compared to its average volume of 3,406,975. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The firm’s 50 day moving average is $357.27 and its 200-day moving average is $354.10. The stock has a market capitalization of $357.03 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.55 and a beta of 0.98. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last posted its 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 firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.65 earnings per share. Research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Loop Capital cut their price target on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research note on Tuesday, August 13th. TD Cowen reduced their target price 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. Evercore ISI lowered their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Finally, StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. 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 company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target 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.