Horrell Capital Management Inc. Lowers Position in The Home Depot, Inc. (NYSE:HD)

Horrell Capital Management Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 26,581 shares of the home improvement retailer’s stock after selling 2,980 shares during the period. Home Depot makes up about 3.2% of Horrell Capital Management Inc.’s portfolio, making the stock its 6th largest holding. Horrell Capital Management Inc.’s holdings in Home Depot were worth $10,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Hedeker Wealth LLC increased its position in shares of Home Depot by 0.9% during the third quarter. Hedeker Wealth LLC now owns 4,868 shares of the home improvement retailer’s stock worth $1,972,000 after purchasing an additional 45 shares in the last quarter. Cutter & CO Brokerage Inc. grew its stake in Home Depot by 8.0% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 2,199 shares of the home improvement retailer’s stock worth $891,000 after buying an additional 163 shares during the last quarter. MONECO Advisors LLC grew its stake in Home Depot by 12.6% during the 3rd quarter. MONECO Advisors LLC now owns 4,599 shares of the home improvement retailer’s stock worth $1,864,000 after buying an additional 513 shares during the last quarter. Integrated Advisors Network LLC increased its position in Home Depot by 4.3% during the 3rd quarter. Integrated Advisors Network LLC now owns 20,870 shares of the home improvement retailer’s stock valued at $8,457,000 after buying an additional 864 shares in the last quarter. Finally, MBA Advisors LLC raised its stake in Home Depot by 1.8% in the third quarter. MBA Advisors LLC now owns 2,473 shares of the home improvement retailer’s stock valued at $1,002,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.6 %

Shares of Home Depot stock opened at $392.60 on Thursday. The Home Depot, Inc. has a fifty-two week low of $281.61 and a fifty-two week high of $421.56. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company has a market cap of $389.31 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The firm has a 50-day simple moving average of $391.61 and a two-hundred day simple moving average of $361.03.

Home Depot (NYSE:HD) last issued its quarterly 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. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.65 earnings per share. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is presently 60.36%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HD shares. Sanford C. Bernstein assumed coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Morgan Stanley raised their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Oppenheimer boosted their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Finally, Evercore ISI lowered their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. One investment 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $413.48.

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.