Krane Funds Advisors LLC Sells 1,410 Shares of The Home Depot, Inc. (NYSE:HD)

Krane Funds Advisors LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 64.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 776 shares of the home improvement retailer's stock after selling 1,410 shares during the period. Home Depot comprises approximately 0.3% of Krane Funds Advisors LLC's portfolio, making the stock its 23rd largest position. Krane Funds Advisors LLC's holdings in Home Depot were worth $314,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the second quarter worth $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the 2nd quarter worth about $33,000. Denver PWM LLC bought a new position in shares of Home Depot in the 2nd quarter worth about $40,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot during the 2nd quarter valued at about $47,000. Finally, Quarry LP grew its stake in Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after purchasing an additional 36 shares during the period. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on HD. Stifel Nicolaus cut their price target on Home Depot from $380.00 to $375.00 and set a "hold" rating on the stock in a report on Wednesday, August 14th. Royal Bank of Canada cut their target price on shares of Home Depot from $377.00 to $363.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 14th. Evercore ISI decreased their price target on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research note on Wednesday, August 14th. Guggenheim boosted their target price on Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Finally, Oppenheimer upped their price target on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $404.69.

Home Depot Stock Performance

Shares of NYSE HD traded down $0.57 during mid-day trading on Friday, reaching $415.03. 2,436,570 shares of the company's stock were exchanged, compared to its average volume of 3,368,257. The firm has a 50-day moving average price of $385.10 and a two-hundred day moving average price of $358.53. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The firm has a market capitalization of $411.55 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the previous year, the firm posted $4.65 earnings per share. The company's revenue for the quarter was up .6% on a year-over-year basis. Analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company 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 dividend yield of 2.17%. 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.