Sigma Investment Counselors Inc. Sells 51 Shares of The Home Depot, Inc. (NYSE:HD)

Sigma Investment Counselors Inc. reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,201 shares of the home improvement retailer’s stock after selling 51 shares during the period. Sigma Investment Counselors Inc.’s holdings in Home Depot were worth $1,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter valued at $25,000. Kings Path Partners LLC bought a new stake in Home Depot during the 2nd quarter worth about $33,000. Livelsberger Financial Advisory acquired a new stake in Home Depot in the 3rd quarter valued at about $46,000. Denver PWM LLC bought a new position in shares of Home Depot in the second quarter worth about $40,000. Finally, Abich Financial Wealth Management LLC lifted its position in shares of Home Depot by 68.0% during 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. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

HD opened at $398.91 on Friday. The company has a market capitalization of $396.23 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.78 and a beta of 1.00. The business’s 50-day moving average price is $389.81 and its two-hundred day moving average price is $359.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the firm earned $4.65 EPS. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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. This represents a $9.00 annualized dividend and a yield of 2.26%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target for the company. Guggenheim lifted their target price on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $412.00.

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.