The Home Depot, Inc. (NYSE:HD) Stake Boosted by Amalgamated Bank

Amalgamated Bank raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 215,374 shares of the home improvement retailer's stock after acquiring an additional 5,043 shares during the period. Home Depot accounts for about 0.7% of Amalgamated Bank's holdings, making the stock its 18th biggest position. Amalgamated Bank's holdings in Home Depot were worth $87,270,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HD. United Advisor Group LLC grew its holdings in Home Depot by 13.0% in the third quarter. United Advisor Group LLC now owns 2,933 shares of the home improvement retailer's stock valued at $1,188,000 after purchasing an additional 337 shares during the period. Central Bank & Trust Co. grew its position in Home Depot by 3.1% during the third quarter. Central Bank & Trust Co. now owns 6,867 shares of the home improvement retailer's stock valued at $2,783,000 after acquiring an additional 208 shares during the period. ASB Consultores LLC raised its holdings in shares of Home Depot by 23.1% in the 3rd quarter. ASB Consultores LLC now owns 1,330 shares of the home improvement retailer's stock worth $539,000 after purchasing an additional 250 shares during the period. James J. Burns & Company LLC grew its holdings in shares of Home Depot by 2.0% during the 3rd quarter. James J. Burns & Company LLC now owns 7,649 shares of the home improvement retailer's stock worth $3,099,000 after purchasing an additional 150 shares during the period. Finally, Moloney Securities Asset Management LLC lifted its position in Home Depot by 4.9% during the third quarter. Moloney Securities Asset Management LLC now owns 12,597 shares of the home improvement retailer's stock valued at $5,105,000 after buying an additional 591 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HD shares. Melius Research began coverage on Home Depot in a report on Monday, September 23rd. They set a "buy" rating and a $420.00 target price on the stock. Guggenheim boosted their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Barclays raised their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Finally, Evercore ISI lowered their target price on Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $416.37.

Home Depot Stock Performance

NYSE HD traded down $11.90 on Wednesday, hitting $388.19. The stock had a trading volume of 7,129,534 shares, compared to its average volume of 3,364,879. The company's 50-day moving average is $393.80 and its two-hundred day moving average is $363.10. The stock has a market cap of $385.59 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 2.72 and a beta of 1.01. 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 Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last announced its 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 return on equity of 733.61% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the previous year, the business earned $4.65 EPS. The firm's revenue for the quarter was up .6% on a year-over-year basis. On average, analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.32%. Home Depot's dividend payout ratio is presently 60.57%.

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.