The Home Depot, Inc. (NYSE:HD) Stock Position Decreased by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,950 shares of the home improvement retailer’s stock after selling 200 shares during the period. GW Henssler & Associates Ltd.’s holdings in Home Depot were worth $11,325,000 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 HD. Hedeker Wealth LLC increased its position in Home Depot by 0.9% in the third quarter. Hedeker Wealth LLC now owns 4,868 shares of the home improvement retailer’s stock worth $1,972,000 after buying an additional 45 shares during the period. Cutter & CO Brokerage Inc. increased its holdings in shares of Home Depot by 8.0% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 2,199 shares of the home improvement retailer’s stock worth $891,000 after acquiring an additional 163 shares during the period. MONECO Advisors LLC increased its holdings in shares of Home Depot by 12.6% in the 3rd quarter. MONECO Advisors LLC now owns 4,599 shares of the home improvement retailer’s stock worth $1,864,000 after acquiring an additional 513 shares during the period. Integrated Advisors Network LLC lifted its position in Home Depot by 4.3% in 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 purchasing an additional 864 shares during the last quarter. Finally, MBA Advisors LLC boosted its stake in Home Depot by 1.8% during the 3rd quarter. MBA Advisors LLC now owns 2,473 shares of the home improvement retailer’s stock valued at $1,002,000 after purchasing an additional 44 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD stock opened at $392.60 on Thursday. The stock’s fifty day simple moving average is $391.61 and its 200-day simple moving average is $361.03. The company has a market capitalization of $389.31 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 2.78 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 Home Depot, Inc. has a 1-year low of $281.61 and a 1-year high of $421.56.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 EPS. On average, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Sanford C. Bernstein started coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and raised their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued 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 given a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $413.48.

Home Depot 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.