Oppenheimer & Co. Inc. Lowers Stock Position in The Home Depot, Inc. (NYSE:HD)

Oppenheimer & Co. Inc. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 127,982 shares of the home improvement retailer's stock after selling 5,556 shares during the period. Home Depot accounts for 0.8% of Oppenheimer & Co. Inc.'s portfolio, making the stock its 16th largest holding. Oppenheimer & Co. Inc.'s holdings in Home Depot were worth $51,858,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Abacus Wealth Partners LLC boosted its holdings in shares of Home Depot by 3.7% in the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer's stock valued at $285,000 after acquiring an additional 25 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in shares of Home Depot by 0.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer's stock valued at $1,469,000 after buying an additional 25 shares during the last quarter. Ruedi Wealth Management Inc. lifted its position in Home Depot by 1.2% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer's stock worth $817,000 after acquiring an additional 27 shares during the period. Acorn Creek Capital LLC raised its stake in shares of Home Depot by 3.4% during the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer's stock worth $291,000 after purchasing an additional 28 shares during the last quarter. Finally, Consolidated Portfolio Review Corp grew its position in Home Depot by 1.9% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 1,524 shares of the home improvement retailer's stock valued at $617,000 after buying an additional 28 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Home Depot stock traded up $7.31 during midday trading on Wednesday, reaching $410.39. 3,081,476 shares of the company were exchanged, compared to its average volume of 3,382,354. The company has a market capitalization of $407.64 billion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 2.79 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The firm's 50-day simple moving average is $396.76 and its 200-day simple moving average is $365.25. The Home Depot, Inc. has a 1 year low of $300.14 and a 1 year high of $421.56.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.81 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot's dividend payout ratio is currently 61.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HD shares. Bank of America upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday. Telsey Advisory Group upgraded shares of Home Depot from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $360.00 to $455.00 in a research report on Friday, November 8th. UBS Group boosted their target price on Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, July 16th. They set a "buy" rating and a $426.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

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.