WCG Wealth Advisors LLC Invests $3.86 Million in The Home Depot, Inc. (NYSE:HD)

WCG Wealth Advisors LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,208 shares of the home improvement retailer's stock, valued at approximately $3,858,000.

Several other large investors have also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its position in Home Depot by 1.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer's stock worth $74,092,000 after purchasing an additional 2,209 shares in the last quarter. Empirical Finance LLC increased its position in 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. Commonwealth Retirement Investments LLC grew its holdings in shares of Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer's stock worth $7,146,000 after buying an additional 965 shares in the last quarter. Leeward Financial Partners LLC lifted its stake in shares of Home Depot by 7.3% during the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer's stock worth $4,001,000 after purchasing an additional 711 shares during the period. Finally, Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Home Depot during the fourth quarter worth $88,708,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI decreased their price target 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. StockNews.com downgraded shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Saturday, May 25th. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. DA Davidson upped their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Finally, Daiwa America raised shares of Home Depot to a "hold" rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $389.04.

Home Depot Stock Up 1.2 %

Shares of NYSE HD traded up $4.71 during mid-day trading on Thursday, reaching $388.72. 769,843 shares of the company traded hands, compared to its average volume of 3,367,407. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company's fifty day moving average is $363.62 and its two-hundred day moving average is $354.13. The stock has a market cap of $385.46 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping 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%. Home Depot's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.65 EPS. 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.32%. Home Depot's payout ratio is presently 60.36%.

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.