The Home Depot, Inc. (NYSE:HD) Shares Acquired by Copperwynd Financial LLC

Copperwynd Financial LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 8.1% in the 2nd quarter, Holdings Channel reports. The firm owned 4,682 shares of the home improvement retailer’s stock after purchasing an additional 350 shares during the quarter. Copperwynd Financial LLC’s holdings in Home Depot were worth $1,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in Home Depot in the fourth quarter valued at $27,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the second quarter valued at $33,000. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Home Depot during the 1st quarter worth $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the 4th quarter worth about $39,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

HD stock opened at $399.53 on Friday. The company has a market cap of $396.18 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.71 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 stock has a 50-day moving average price of $368.10 and a two-hundred day moving average price of $355.07. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $403.54.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 9.71% and a return on equity of 681.27%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.25%. Home Depot’s payout ratio is 60.36%.

Analysts Set New Price Targets

Several equities analysts have weighed in on HD shares. UBS Group raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. JPMorgan Chase & Co. increased their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Loop Capital boosted their price target on Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday, September 17th. Finally, Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $391.88.

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.