Davies Financial Advisors Inc. Has $2.22 Million Stake in The Home Depot, Inc. (NYSE:HD)

Davies Financial Advisors Inc. boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 125.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,482 shares of the home improvement retailer's stock after buying an additional 3,055 shares during the quarter. Home Depot accounts for approximately 1.9% of Davies Financial Advisors Inc.'s investment portfolio, making the stock its 12th largest position. Davies Financial Advisors Inc.'s holdings in Home Depot were worth $2,221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wulff Hansen & CO. increased its stake in Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer's stock worth $509,081,000 after purchasing an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in shares of Home Depot in the first quarter worth about $513,016,000. Price T Rowe Associates Inc. MD increased its stake in Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock worth $2,853,143,000 after buying an additional 971,833 shares during the period. Swedbank AB bought a new stake in Home Depot during the 1st quarter valued at about $301,364,000. Finally, Jennison Associates LLC boosted its position in Home Depot by 13.1% in the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer's stock valued at $1,886,271,000 after buying an additional 569,690 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 0.5 %

Shares of NYSE HD traded up $1.94 during midday trading on Friday, hitting $411.90. The stock had a trading volume of 2,236,369 shares, compared to its average volume of 3,388,611. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $420.03. The company has a fifty day moving average price of $377.21 and a 200 day moving average price of $357.09. The company has a market capitalization of $409.14 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.88 and a beta of 1.00. 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 announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the company earned $4.65 earnings per share. The company's revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.18%. Home Depot's dividend payout ratio is currently 60.57%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research reports. DA Davidson upped their price objective 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. JPMorgan Chase & Co. lifted their price objective 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. Telsey Advisory Group reissued a "market perform" rating and set a $360.00 target price on shares of Home Depot in a research report on Thursday, September 12th. Jefferies Financial Group started coverage on Home Depot in a report on Tuesday, July 16th. They set a "buy" rating and a $426.00 price objective for the company. Finally, Melius Research began coverage on Home Depot in a research note on Monday, September 23rd. They set a "buy" rating and a $420.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $402.38.

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.