Kerusso Capital Management LLC Invests $2.66 Million in The Home Depot, Inc. (NYSE:HD)

Kerusso Capital Management LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,730 shares of the home improvement retailer’s stock, valued at approximately $2,661,000. Home Depot comprises 1.9% of Kerusso Capital Management LLC’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Home Depot in the fourth quarter valued at $4,311,070,000. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Home Depot in the 1st quarter valued at about $513,016,000. Capital Research Global Investors lifted its position in shares of Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Home Depot by 15.0% in the first 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 purchasing an additional 971,833 shares in the last quarter. Finally, Swedbank AB bought a new stake in Home Depot in the first quarter valued at about $301,364,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on HD. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. 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. Loop Capital lowered their target price on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Evercore ISI reduced their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Trading Down 0.5 %

Shares of HD stock opened at $360.05 on Friday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The firm has a market capitalization of $357.03 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 1.00. The stock has a fifty day moving average of $357.27 and a two-hundred day moving average of $354.04. 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 quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.65 earnings per share. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.