The Home Depot, Inc. (NYSE:HD) Holdings Raised by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 130.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 92,983 shares of the home improvement retailer's stock after acquiring an additional 52,710 shares during the period. Home Depot comprises about 0.7% of Citizens Financial Group Inc. RI's holdings, making the stock its 28th biggest holding. Citizens Financial Group Inc. RI's holdings in Home Depot were worth $32,008,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in HD. Ruedi Wealth Management Inc. lifted its stake in Home Depot by 1.2% during the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer's stock worth $817,000 after purchasing an additional 27 shares during the last quarter. Cape Investment Advisory Inc. lifted its stake in Home Depot by 1.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer's stock worth $680,000 after purchasing an additional 28 shares during the last quarter. Acorn Creek Capital LLC lifted its stake in Home Depot by 3.4% during the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer's stock worth $291,000 after purchasing an additional 28 shares during the last quarter. STAR Financial Bank lifted its stake in Home Depot by 0.7% during the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer's stock worth $1,367,000 after purchasing an additional 29 shares during the last quarter. Finally, Talisman Wealth Advisors LLC lifted its stake in Home Depot by 1.2% during the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer's stock worth $915,000 after purchasing an additional 29 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE:HD traded up $2.02 during trading hours on Monday, reaching $382.01. 2,877,740 shares of the company's stock were exchanged, compared to its average volume of 3,383,336. The company has a market capitalization of $379.45 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. 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 business's 50-day simple moving average is $361.04 and its two-hundred day simple moving average is $353.92.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.65 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.36%. Home Depot's dividend payout ratio (DPR) is presently 60.36%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent research reports. Evercore ISI cut their target price on Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus cut their target price on Home Depot from $380.00 to $375.00 and set a "hold" rating on the stock in a research note on Wednesday, August 14th. UBS Group raised their target price on Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. DA Davidson raised their target price on Home Depot from $395.00 to $430.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Finally, Jefferies Financial Group initiated coverage on Home Depot in a research note on Tuesday, July 16th. They issued a "buy" rating and a $426.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $387.79.

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.