Oxbow Advisors LLC Boosts Position in The Home Depot, Inc. (NYSE:HD)

Oxbow Advisors LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 3.8% during the 2nd quarter, Holdings Channel reports. The fund owned 2,490 shares of the home improvement retailer’s stock after purchasing an additional 90 shares during the period. Oxbow Advisors LLC’s holdings in Home Depot were worth $857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HD. Motiv8 Investments LLC grew its holdings in Home Depot by 6.7% during the second quarter. Motiv8 Investments LLC now owns 2,209 shares of the home improvement retailer’s stock worth $761,000 after acquiring an additional 138 shares during the period. Torray Investment Partners LLC grew its stake in shares of Home Depot by 2.4% during the 2nd quarter. Torray Investment Partners LLC now owns 48,578 shares of the home improvement retailer’s stock worth $16,723,000 after purchasing an additional 1,136 shares during the period. EFG Asset Management Americas Corp. increased its holdings in shares of Home Depot by 35.8% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 3,816 shares of the home improvement retailer’s stock valued at $1,314,000 after purchasing an additional 1,005 shares in the last quarter. Chicago Capital LLC lifted its stake in shares of Home Depot by 6.9% in the 2nd quarter. Chicago Capital LLC now owns 46,655 shares of the home improvement retailer’s stock valued at $16,060,000 after purchasing an additional 3,005 shares during the period. Finally, One Wealth Management Investment & Advisory Services LLC boosted its holdings in Home Depot by 4.8% during the second quarter. One Wealth Management Investment & Advisory Services LLC now owns 1,778 shares of the home improvement retailer’s stock worth $612,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.5 %

Shares of HD opened at $360.05 on Friday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. 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 simple moving average of $357.27 and a two-hundred day simple moving average of $354.04. The company has a market capitalization of $357.03 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $4.65 earnings per share. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a $2.25 dividend. 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 presently 60.36%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. DA Davidson increased their price target on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. HSBC cut their price objective on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Tuesday, August 13th. 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 company presently has an average rating of “Moderate Buy” and an average target price of $387.79.

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.