Dock Street Asset Management Inc. Has $990,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Dock Street Asset Management Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,444 shares of the home improvement retailer’s stock after selling 48 shares during the quarter. Home Depot makes up about 0.1% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 29th largest position. Dock Street Asset Management Inc.’s holdings in Home Depot were worth $990,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Home Depot in the 2nd quarter valued at $25,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter worth $33,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the third quarter worth $46,000. Denver PWM LLC acquired a new position in Home Depot in the second quarter worth $40,000. Finally, Abich Financial Wealth Management LLC boosted its stake in Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 1.1 %

HD stock opened at $401.85 on Wednesday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The stock has a market capitalization of $398.48 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.88 and a beta of 1.00. The business has a 50-day moving average of $387.35 and a 200-day moving average of $359.15. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $421.56.

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, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.65 earnings per share. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.24%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Ratings Changes

A number of research firms have commented on HD. JPMorgan Chase & Co. boosted their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Guggenheim boosted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Stifel Nicolaus dropped their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Sanford C. Bernstein assumed coverage on Home Depot in a research report on Tuesday. They set a “market perform” rating and a $451.00 target price for the company. Finally, Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $410.67.

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.