Verum Partners LLC Buys 33 Shares of The Home Depot, Inc. (NYSE:HD)

Verum Partners LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.9% in the third quarter, Holdings Channel.com reports. The firm owned 3,737 shares of the home improvement retailer’s stock after buying an additional 33 shares during the quarter. Verum Partners LLC’s holdings in Home Depot were worth $1,514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HD. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot in the 1st quarter valued at approximately $38,000. General Partner Inc. increased its holdings in Home Depot by 7.6% in the first quarter. General Partner Inc. now owns 9,979 shares of the home improvement retailer’s stock valued at $3,828,000 after purchasing an additional 709 shares during the period. Confluence Investment Management LLC bought a new position in Home Depot during the 1st quarter worth $150,524,000. Modus Advisors LLC lifted its holdings in Home Depot by 2.4% during the 1st quarter. Modus Advisors LLC now owns 8,804 shares of the home improvement retailer’s stock worth $3,377,000 after buying an additional 208 shares during the period. Finally, Avondale Wealth Management lifted its holdings in Home Depot by 13.3% during the 1st quarter. Avondale Wealth Management now owns 850 shares of the home improvement retailer’s stock worth $326,000 after buying an additional 100 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.2 %

HD stock traded up $0.66 during mid-day trading on Wednesday, reaching $416.24. 175,470 shares of the company traded hands, compared to its average volume of 3,368,421. 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 firm’s 50 day moving average price is $380.90 and its 200 day moving average price is $357.37. The stock has a market cap of $412.75 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $421.56.

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 analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during 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 quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.65 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HD shares. JPMorgan Chase & Co. raised their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Stifel Nicolaus lowered their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and upped their price objective for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. DA Davidson increased their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $404.69.

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.