Denver PWM LLC Makes New Investment in The Home Depot, Inc. (NYSE:HD)

Denver PWM LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 116 shares of the home improvement retailer’s stock, valued at approximately $40,000.

A number of other institutional investors also recently modified their holdings of HD. Frank Rimerman Advisors LLC acquired a new position in Home Depot during the 4th quarter worth $27,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the 2nd quarter worth about $33,000. Burkett Financial Services LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $38,000. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Home Depot during the first quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $39,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Loop Capital dropped their target price on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. DA Davidson boosted their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group initiated coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 target price for the company. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Finally, TD Cowen cut their price target on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $387.79.

Home Depot Stock Performance

NYSE:HD opened at $360.11 on Friday. The stock has a market capitalization of $357.09 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The firm has a 50 day moving average of $357.27 and a 200-day moving average of $354.10. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.65 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio is currently 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.