The Home Depot, Inc. (NYSE:HD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,313,890 shares of the home improvement retailer's stock after selling 95,308 shares during the quarter. Home Depot makes up about 0.7% of New York State Common Retirement Fund's portfolio, making the stock its 18th biggest holding. New York State Common Retirement Fund owned approximately 0.13% of Home Depot worth $532,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $33,000. Denver PWM LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at about $40,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the 3rd quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HD. UBS Group boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a report on Tuesday, September 24th. Daiwa America upgraded shares of Home Depot to a "hold" rating in a report on Thursday, August 15th. Stifel Nicolaus reduced their price objective on shares of Home Depot from $380.00 to $375.00 and set a "hold" rating on the stock in a report on Wednesday, August 14th. Finally, Loop Capital upgraded shares of Home Depot from a "hold" rating to a "buy" rating and boosted their price objective for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company's stock. According to data from MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average price target of $413.48.

Home Depot Stock Down 0.3 %

HD traded down $1.16 on Friday, reaching $392.59. The company's stock had a trading volume of 3,277,974 shares, compared to its average volume of 3,027,959. The stock has a 50 day moving average of $392.51 and a two-hundred day moving average of $361.82. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a market capitalization of $389.96 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.73 and a beta of 1.01. The Home Depot, Inc. has a fifty-two week low of $286.79 and a fifty-two week high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $4.65 earnings per share. As a group, analysts forecast 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. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot's payout ratio is currently 60.57%.

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.