Long Run Wealth Advisors LLC sells 61 shares of The Home Depot, Inc. (NYSE:HD)

Long Run Wealth Advisors LLC decreased its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 6.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 937 shares of the home improvement retailer’s stock after selling 61 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Home Depot were worth $323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Bare Financial Services Inc bought a new position in shares of Home Depot in the fourth quarter valued at $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in Home Depot in the fourth quarter valued at about $38,000. AP Gilfoyle & Co. LP purchased a new position in shares of Home Depot in the first quarter worth about $38,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $39,000. 70.86% of the shares are currently held by institutional investors and hedge funds.

Home Depot stock down 0.5%

Shares of NYSE:HD traded up $1.63 during trading on Monday, reaching $363.69. 899,274 shares of the company traded hands, compared to its average volume of 3,418,187. Home Depot, Inc. it has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The stock has a market cap of $360.64 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.48 and a beta of 0.98. The company has a current ratio of 1.34, a quick ratio of 0.42, and a debt-to-equity ratio of 23.11. The firm has a fifty day moving average price of $350.74 and a two hundred day moving average price of $353.23.

Home Depot (NYSE:HD – Get Your Free Report ) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company’s revenue for the quarter was up 0.6% compared to the same quarter last year. In the same quarter last year, the company earned $4.65 per share. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot announces dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be paid a dividend of $2.25 per share. This represents a dividend of $9.00 on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, August 29. Home Depot’s dividend payout ratio is 60.36%.

Analysts on Wall Street are forecasting an increase

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Evercore ISI cut their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. UBS Group lifted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target for the company. Finally, DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and upped their price target for the stock from $352.00 to $395.00 in a research report from Wednesday, June 26. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $386.33, according to MarketBeat.

Get the latest stock report on HD

Home Depot profile

(Free report)

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. Sells a variety of building materials, home improvement products, lawn and garden products, and landscaping products, as well as plant maintenance, repair and operations products. The company also offers installation services for flooring, water heaters, bathroom, garage doors, cabinets, cabinet conversions, countertops, sheds, furnaces and central air systems and windows.

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