L & S Advisors Inc Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

L & S Advisors Inc lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 67.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,533 shares of the home improvement retailer's stock after selling 15,312 shares during the period. L & S Advisors Inc's holdings in Home Depot were worth $2,593,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HD. Ruedi Wealth Management Inc. lifted its stake in Home Depot by 1.2% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer's stock valued at $817,000 after acquiring an additional 27 shares during the period. Cape Investment Advisory Inc. lifted its stake in shares of Home Depot by 1.4% in the 4th 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 period. Acorn Creek Capital LLC lifted its stake in shares of Home Depot by 3.4% in the 2nd 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 period. STAR Financial Bank lifted its stake in shares of Home Depot by 0.7% in the 4th 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 period. Finally, Talisman Wealth Advisors LLC lifted its stake in shares of Home Depot by 1.2% in the 1st 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 period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Up 0.4 %

Shares of NYSE:HD traded up $1.45 on Tuesday, hitting $383.46. 2,947,046 shares of the company's stock were exchanged, compared to its average volume of 3,380,899. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The stock has a market capitalization of $380.24 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The business's 50 day simple moving average is $362.82 and its two-hundred day simple moving average is $353.92. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

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 for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $4.65 earnings per share. Analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.35%. Home Depot's dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HD. Telsey Advisory Group reiterated a "market perform" rating and issued a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. Loop Capital raised their target price on shares of Home Depot from $330.00 to $360.00 and gave the stock a "hold" rating in a research note on Tuesday. UBS Group raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Daiwa America upgraded shares of Home Depot to a "hold" rating in a research note on Thursday, August 15th. Finally, DA Davidson raised their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $389.04.

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.