Home Depot (NYSE:HD) Trading Up 0.2%

The Home Depot, Inc. (NYSE:HD) shares shot up 0.2% during trading on Thursday . The company traded as high as $399.54 and last traded at $397.57. 492,946 shares changed hands during trading, a decline of 85% from the average session volume of 3,381,231 shares. The stock had previously closed at $396.93.

Analysts Set New Price Targets

Several analysts have issued reports on HD shares. 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 report on Wednesday, August 14th. DA Davidson increased their target price on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Melius Research started coverage on Home Depot in a report on Monday. They issued a “buy” rating and a $420.00 price target for the company. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Stifel Nicolaus cut their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $391.88.

Home Depot Stock Performance

The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The stock has a market capitalization of $394.76 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.71 and a beta of 1.00. The company’s 50-day moving average is $366.76 and its two-hundred day moving average is $354.72.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) 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 analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.65 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal 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 given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Hedge Funds Weigh In On Home Depot

Several hedge funds have recently bought and sold shares of the business. Empirical Finance LLC increased its holdings in shares of Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after buying an additional 1,195 shares in the last quarter. Commonwealth Retirement Investments LLC boosted its position in shares of Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares in the last quarter. Leeward Financial Partners LLC increased its holdings in shares of Home Depot by 7.3% in the first quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock worth $4,001,000 after acquiring an additional 711 shares in the last quarter. Sanibel Captiva Trust Company Inc. bought a new position in Home Depot in the fourth quarter valued at approximately $88,708,000. Finally, Johnson & White Wealth Management LLC raised its stake in shares of Home Depot by 6.2% in the 1st quarter. Johnson & White Wealth Management LLC now owns 4,200 shares of the home improvement retailer’s stock valued at $1,611,000 after purchasing an additional 247 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

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.