Umpqua Bank Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Umpqua Bank increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,092 shares of the home improvement retailer’s stock after acquiring an additional 201 shares during the quarter. Umpqua Bank’s holdings in Home Depot were worth $1,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $27,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Home Depot during the 1st quarter valued at approximately $38,000. Burkett Financial Services LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research analyst reports. TD Cowen lowered 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. Jefferies Financial Group assumed coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Evercore ISI dropped their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Trading Down 0.5 %

Shares of Home Depot stock opened at $360.05 on Friday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The stock has a market cap of $357.03 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.55 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a fifty day simple moving average of $357.27 and a 200-day simple moving average of $354.04.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The business 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 company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.65 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.50%. Home Depot’s payout ratio is currently 60.36%.

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.