The Home Depot, Inc. (NYSE:HD) Shares Acquired by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,226 shares of the home improvement retailer's stock after buying an additional 5,546 shares during the quarter. Braun Stacey Associates Inc.'s holdings in Home Depot were worth $21,162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA Asset Management Corp lifted its holdings in 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 buying an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its stake in shares of Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer's stock valued at $4,381,000 after acquiring an additional 623 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Home Depot by 57.7% during the first quarter. Edgestream Partners L.P. now owns 2,906 shares of the home improvement retailer's stock valued at $1,115,000 after acquiring an additional 1,063 shares in the last quarter. Rockport Wealth LLC bought a new position in Home Depot in the first quarter worth approximately $372,000. Finally, PYA Waltman Capital LLC increased its holdings in Home Depot by 5.3% during the 1st quarter. PYA Waltman Capital LLC now owns 9,136 shares of the home improvement retailer's stock worth $3,504,000 after purchasing an additional 462 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

HD traded up $1.51 during trading on Monday, reaching $409.69. 1,228,736 shares of the company's stock were exchanged, compared to its average volume of 3,371,572. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The Home Depot, Inc. has a 1 year low of $302.34 and a 1 year high of $421.56. The company's fifty day simple moving average is $399.51 and its 200-day simple moving average is $366.81. The stock has a market capitalization of $406.94 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.81 earnings per share. As a group, research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date is Wednesday, November 27th. Home Depot's dividend payout ratio (DPR) is 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HD shares. Guggenheim upped their target price on Home Depot from $390.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Daiwa America raised shares of Home Depot to a "hold" rating in a research note on Thursday, August 15th. Wells Fargo & Company raised their target price on shares of Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Morgan Stanley boosted their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Gordon Haskett upgraded shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price objective on the stock in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.00.

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.