Realta Investment Advisors Lowers Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Realta Investment Advisors decreased its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 86.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 853 shares of the home improvement retailer's stock after selling 5,518 shares during the period. Realta Investment Advisors' holdings in Home Depot were worth $354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. WFA Asset Management Corp increased its position in shares of Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer's stock valued at $535,000 after purchasing an additional 135 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in shares of Home Depot by 5.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer's stock worth $4,381,000 after buying an additional 623 shares during the last quarter. Retirement Group LLC boosted its stake in shares of Home Depot by 59.6% during the 1st quarter. Retirement Group LLC now owns 265 shares of the home improvement retailer's stock worth $102,000 after purchasing an additional 99 shares during the period. Braun Stacey Associates Inc. increased its stake in Home Depot by 6.4% in the 1st quarter. Braun Stacey Associates Inc. now owns 42,601 shares of the home improvement retailer's stock worth $16,342,000 after buying an additional 2,579 shares during the period. Finally, Avior Wealth Management LLC increased its position in Home Depot by 16.6% during the 1st quarter. Avior Wealth Management LLC now owns 19,607 shares of the home improvement retailer's stock valued at $7,522,000 after purchasing an additional 2,793 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. Oppenheimer upped 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. UBS Group increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Guggenheim raised their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Daiwa America raised shares of Home Depot to a "hold" rating in a research note on Thursday, August 15th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and an average price target of $413.48.

Home Depot Price Performance

HD stock traded down $1.16 on Friday, reaching $392.59. 3,277,974 shares of the company's stock were exchanged, compared to its average volume of 3,027,959. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56. 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 stock has a fifty day moving average of $392.51 and a 200-day moving average of $362.03. The firm has a market cap of $389.96 billion, a PE ratio of 26.42, a P/E/G ratio of 2.73 and a beta of 1.01.

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. 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 during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter last year, the firm posted $4.65 EPS. The business's revenue was up .6% compared to the same quarter last year. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.29%. Home Depot's dividend payout ratio is presently 60.57%.

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.