Crestwood Advisors Group LLC Sells 3,896 Shares of The Home Depot, Inc. (NYSE:HD)

Crestwood Advisors Group LLC cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 226,859 shares of the home improvement retailer's stock after selling 3,896 shares during the period. Home Depot comprises approximately 1.8% of Crestwood Advisors Group LLC's portfolio, making the stock its 11th largest position. Crestwood Advisors Group LLC's holdings in Home Depot were worth $91,922,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock worth $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. Legal & General Group Plc increased its stake in Home Depot by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer's stock worth $2,931,328,000 after purchasing an additional 100,139 shares during the period. Price T Rowe Associates Inc. MD lifted its position 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 during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Home Depot by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer's stock valued at $1,980,883,000 after purchasing an additional 138,396 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Home Depot by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer's stock worth $1,598,316,000 after purchasing an additional 333,312 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Evercore ISI lowered their price target on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a report on Wednesday, August 14th. Stifel Nicolaus dropped their target price on shares of Home Depot from $380.00 to $375.00 and set a "hold" rating for the company in a report on Wednesday, August 14th. Jefferies Financial Group initiated coverage on Home Depot in a research report on Tuesday, July 16th. They set a "buy" rating and a $426.00 price target for the company. TD Cowen lifted their price objective on Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $416.37.

Home Depot Stock Down 3.0 %

Home Depot stock traded down $11.90 during trading hours 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 stock's 50-day moving average price is $393.80 and its 200-day moving average price is $363.10. The stock has a market capitalization of $385.59 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $286.79 and a 12-month high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analysts' expectations of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $4.65 EPS. Equities research analysts anticipate 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. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.32%. Home Depot's payout ratio is 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.