Eagle Asset Management Inc. Has $194.89 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Eagle Asset Management Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 611,152 shares of the home improvement retailer’s stock after buying an additional 827 shares during the quarter. The Home Depot comprises 0.8% of Eagle Asset Management Inc.’s investment portfolio, making the stock its 15th largest holding. Eagle Asset Management Inc. owned approximately 0.06% of The Home Depot worth $194,890,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust increased its position in shares of The Home Depot by 1.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,424 shares of the home improvement retailer’s stock worth $740,000 after purchasing an additional 30 shares during the last quarter. Baldwin Brothers Inc. MA increased its position in shares of The Home Depot by 1.6% during the 2nd quarter. Baldwin Brothers Inc. MA now owns 1,923 shares of the home improvement retailer’s stock worth $613,000 after purchasing an additional 31 shares during the last quarter. Standard Family Office LLC increased its position in shares of The Home Depot by 0.5% during the 1st quarter. Standard Family Office LLC now owns 6,160 shares of the home improvement retailer’s stock worth $1,880,000 after purchasing an additional 32 shares during the last quarter. Family Firm Inc. increased its position in shares of The Home Depot by 2.4% during the 2nd quarter. Family Firm Inc. now owns 1,374 shares of the home improvement retailer’s stock worth $438,000 after purchasing an additional 32 shares during the last quarter. Finally, Financial Consulate Inc. increased its position in shares of The Home Depot by 1.9% during the 2nd quarter. Financial Consulate Inc. now owns 1,756 shares of the home improvement retailer’s stock worth $560,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 68.97% of the company’s stock.

Several research firms have weighed in on HD. Jefferies Financial Group lowered their price target on The Home Depot from $380.00 to $369.00 and set a “buy” rating on the stock in a research report on Wednesday, August 18th. OTR Global downgraded The Home Depot to a “positive” rating in a research note on Tuesday, August 10th. Credit Suisse Group lifted their target price on The Home Depot from $319.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 25th. Raymond James lifted their target price on The Home Depot from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, August 16th. Finally, Zacks Investment Research downgraded The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 target price for the company. in a research note on Tuesday, July 20th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $341.25.

In related news, EVP Hector A. Padilla sold 1,154 shares of the stock in a transaction dated Wednesday, August 18th. The shares were sold at an average price of $325.62, for a total value of $375,765.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Craig A. Menear sold 68,468 shares of the firm’s stock in a transaction that occurred on Friday, August 20th. The stock was sold at an average price of $325.46, for a total transaction of $22,283,595.28. The disclosure for this sale can be found here. Insiders sold a total of 74,622 shares of company stock valued at $24,302,611 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

The Home Depot stock traded down $1.32 during trading hours on Monday, hitting $334.35. 57,979 shares of the stock traded hands, compared to its average volume of 3,973,960. The firm’s 50-day moving average price is $328.03 and its two-hundred day moving average price is $316.56. The company has a current ratio of 1.06, a quick ratio of 0.35 and a debt-to-equity ratio of 16.31. The company has a market cap of $352.86 billion, a PE ratio of 23.15, a PEG ratio of 2.00 and a beta of 1.02. The Home Depot, Inc. has a one year low of $246.59 and a one year high of $345.69.

The Home Depot (NYSE:HD) last issued its quarterly earnings results on Monday, August 16th. The home improvement retailer reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.10. The firm had revenue of $41.12 billion for the quarter, compared to analysts’ expectations of $40.74 billion. The Home Depot had a return on equity of 709.19% and a net margin of 10.55%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.02 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 14.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 16th. Stockholders of record on Thursday, September 2nd were paid a $1.65 dividend. The ex-dividend date of this dividend was Wednesday, September 1st. This represents a $6.60 annualized dividend and a dividend yield of 1.97%. The Home Depot’s dividend payout ratio (DPR) is 54.86%.

The Home Depot Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Recommended Story: How Does the Quiet Period Work?

Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

Receive News & Ratings for The Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.