Blake Schutter Theil Wealth Advisors LLC Acquires New Position in The Home Depot, Inc. (NYSE:HD)

Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,917 shares of the home improvement retailer's stock, valued at approximately $1,182,000. Home Depot accounts for 0.8% of Blake Schutter Theil Wealth Advisors LLC's portfolio, making the stock its 27th biggest position.

Several other institutional investors also recently bought and sold shares of the company. Texas Capital Bank Wealth Management Services Inc grew its stake in Home Depot by 27.6% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock worth $9,348,000 after purchasing an additional 5,879 shares in the last quarter. Empirical Finance LLC grew its position 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. Pegasus Asset Management Inc. increased its stake in shares of Home Depot by 1.8% during the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer's stock worth $2,024,000 after buying an additional 86 shares during the period. Commonwealth Retirement Investments LLC raised its holdings in Home Depot by 5.5% in the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer's stock valued at $7,146,000 after acquiring an additional 965 shares in the last quarter. Finally, Swedbank AB lifted its stake in Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock worth $368,542,000 after acquiring an additional 132,967 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HD has been the topic of a number of recent analyst reports. Evercore ISI dropped their price objective on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 14th. Gordon Haskett raised Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. Barclays lifted their price target on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday. Wells Fargo & Company increased their price objective on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Daiwa America raised Home Depot to a "hold" rating in a research report on Thursday, August 15th. One 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $416.52.

Home Depot Stock Performance

Shares of Home Depot stock traded up $11.04 during trading hours on Thursday, hitting $399.41. 4,320,431 shares of the company were exchanged, compared to its average volume of 3,369,499. The business has a 50-day moving average of $393.80 and a 200-day moving average of $363.10. The Home Depot, Inc. has a 1 year low of $286.79 and a 1 year high of $421.56. 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 $396.73 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 2.74 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping 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 company had revenue of $43.18 billion during the quarter, compared to analysts' expectations of $42.57 billion. During the same quarter last year, the business earned $4.65 EPS. The business's revenue was up .6% on a year-over-year basis. As a group, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Home Depot 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.