The Home Depot, Inc. (NYSE:HD) Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 14.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,623 shares of the home improvement retailer’s stock after selling 285 shares during the period. JNBA Financial Advisors’ holdings in Home Depot were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. WFA Asset Management Corp lifted its holdings in Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock worth $535,000 after buying an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its position in shares of Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after acquiring an additional 623 shares during the period. Avidian Wealth Solutions LLC raised its stake in shares of Home Depot by 3.1% in the first quarter. Avidian Wealth Solutions LLC now owns 14,261 shares of the home improvement retailer’s stock valued at $5,471,000 after acquiring an additional 432 shares in the last quarter. Catalina Capital Group LLC boosted its holdings in Home Depot by 61.2% in the first quarter. Catalina Capital Group LLC now owns 5,618 shares of the home improvement retailer’s stock valued at $2,155,000 after purchasing an additional 2,133 shares during the period. Finally, Carson Advisory Inc. grew its stake in Home Depot by 0.5% during the 1st quarter. Carson Advisory Inc. now owns 6,618 shares of the home improvement retailer’s stock worth $2,539,000 after purchasing an additional 30 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of HD opened at $388.19 on Thursday. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a fifty-two week low of $286.79 and a fifty-two week high of $421.56. The firm has a 50-day simple moving average of $393.80 and a 200-day simple moving average of $363.10. The company has a market capitalization of $385.59 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.01.

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 analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm earned $4.65 EPS. On average, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.32%. Home Depot’s payout ratio is currently 60.57%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HD shares. Stifel Nicolaus reduced their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Jefferies Financial Group began coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price on the stock. Oppenheimer boosted their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Loop Capital raised shares of Home Depot from a “hold” rating to a “buy” rating and increased their price objective for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.37.

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.