EP Wealth Advisors LLC Has $23.36 Million Holdings in The Home Depot, Inc. (NYSE:HD)

EP Wealth Advisors LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,866 shares of the home improvement retailer’s stock after buying an additional 968 shares during the quarter. EP Wealth Advisors LLC’s holdings in Home Depot were worth $23,362,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wulff Hansen & CO. lifted its stake in Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after buying an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in Home Depot during the 1st quarter worth approximately $513,016,000. Capital Research Global Investors grew its holdings in 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 valued at $5,117,016,000 after purchasing an additional 992,444 shares during the period. Price T Rowe Associates Inc. MD increased 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 valued at $2,853,143,000 after purchasing an additional 971,833 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Home Depot in the first quarter worth $301,364,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Up 0.7 %

Home Depot stock opened at $399.53 on Monday. The company’s 50-day moving average price is $368.10 and its two-hundred day moving average price is $354.90. 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 stock has a market cap of $396.18 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.71 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $403.54.

Home Depot (NYSE:HD) last announced its earnings results 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 for 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% compared to the same quarter last year. During the same quarter last year, the company earned $4.65 earnings per share. As a group, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently commented on HD shares. Loop Capital upped their price objective on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research report on Tuesday, September 17th. Oppenheimer increased their target price on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. DA Davidson raised their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, UBS Group lifted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $391.88.

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.