Fiduciary Alliance LLC Purchases 4,770 Shares of The Home Depot, Inc. (NYSE:HD)

Fiduciary Alliance LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,521 shares of the home improvement retailer's stock after purchasing an additional 4,770 shares during the quarter. Home Depot accounts for 2.1% of Fiduciary Alliance LLC's holdings, making the stock its 10th largest holding. Fiduciary Alliance LLC's holdings in Home Depot were worth $16,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in Home Depot during the 2nd quarter worth $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the 2nd quarter worth about $33,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in Home Depot during the 1st quarter worth about $38,000. Livelsberger Financial Advisory purchased a new stake in Home Depot during the 4th quarter worth about $39,000. Finally, Denver PWM LLC purchased a new stake in Home Depot during the 2nd quarter worth about $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HD. Daiwa America raised Home Depot to a "hold" rating in a report on Thursday, August 15th. JPMorgan Chase & Co. lifted their price target on Home Depot from $377.00 to $400.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. Guggenheim lifted their price target on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Finally, DA Davidson boosted their target price on Home Depot from $395.00 to $430.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $404.69.

Home Depot Stock Performance

Shares of HD stock traded up $3.86 during trading hours on Monday, reaching $415.76. 2,088,342 shares of the company's stock were exchanged, compared to its average volume of 3,382,905. The company has a market cap of $412.27 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The company's 50 day moving average is $379.66 and its two-hundred day moving average is $357.15. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $420.03. 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 issued 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 during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the business posted $4.65 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot's payout ratio is currently 60.36%.

Home Depot 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.