Jaffetilchin Investment Partners LLC Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Jaffetilchin Investment Partners LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,842 shares of the home improvement retailer’s stock after purchasing an additional 399 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Home Depot were worth $5,204,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Core Wealth Partners LLC lifted its holdings in Home Depot by 1.7% during the 3rd quarter. Core Wealth Partners LLC now owns 2,421 shares of the home improvement retailer’s stock worth $981,000 after purchasing an additional 40 shares in the last quarter. Alaska Wealth Advisors purchased a new position in Home Depot during the 3rd quarter valued at about $206,000. Weil Company Inc. increased its position in shares of Home Depot by 3.6% during the third quarter. Weil Company Inc. now owns 1,873 shares of the home improvement retailer’s stock valued at $759,000 after buying an additional 65 shares during the period. Addison Advisors LLC increased its position in shares of Home Depot by 0.8% during the third quarter. Addison Advisors LLC now owns 4,243 shares of the home improvement retailer’s stock valued at $1,719,000 after buying an additional 33 shares during the period. Finally, GDS Wealth Management lifted its holdings in shares of Home Depot by 7.4% in the third quarter. GDS Wealth Management now owns 35,195 shares of the home improvement retailer’s stock worth $14,261,000 after buying an additional 2,433 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.4 %

Shares of Home Depot stock opened at $407.50 on Monday. 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 52-week low of $287.24 and a 52-week high of $421.56. The company’s 50 day moving average price is $395.19 and its 200-day moving average price is $364.23. The stock has a market capitalization of $404.77 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 2.81 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the prior year, the company posted $4.65 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued 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 2.21%. Home Depot’s dividend payout ratio is presently 60.57%.

Analyst Ratings Changes

Several brokerages recently commented on HD. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Guggenheim boosted their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. increased 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. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, DA Davidson upped their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $420.04.

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.