Home Depot Holdings, Inc. (NYSE:HD) increased by Canal Capital Management LLC

Canal Capital Management LLC raised its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,768 shares of the home improvement retailer’s stock after acquiring an additional 396 shares during the period. Canal Capital Management LLC’s holdings in Home Depot were worth $5,428,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HD. Capital Research Global Investors grew its position in Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after purchasing an additional 992,444 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Home Depot by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock valued at $4,540,197,000 after buying an additional 347,614 shares during the period. Norges Bank bought a new stake in shares of Home Depot during the fourth quarter valued at about $4,311,070,000. Fisher Asset Management LLC boosted its position in shares of Home Depot by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after buying an additional 195,670 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after purchasing an additional 971,833 shares during the last quarter. 70.86% of shares are held by institutional investors.

Changes in Analyst Ratings

Several research analysts recently issued reports on the company. UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. 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 research report on Wednesday, August 14th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. HSBC cut their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus cut their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, the 14th August. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.33.

Read our latest report on Home Depot

Home Depot Price Performance

Shares of HD stock opened at $368.50 on Friday. Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The firm has a 50 day moving average of $355.21 and a two hundred day moving average of $353.97. The firm has a market cap of $366.03 billion, a PE ratio of 24.71, a P/E/G ratio of 2.55 and a beta of 0.98. The company has a current ratio of 1.15, a quick ratio of 0.33, and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD – Get Your Free Report ) last released 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 net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. In the same quarter last year, the company earned $4.65 per share. The company’s revenue was up 0.6% compared to the same quarter last year. On average, analysts estimate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Thursday, August 29. This represents a dividend of $9.00 on an annualized basis and a dividend yield of 2.44%. Home Depot’s payout ratio is currently 60.36%.

About Home Depot

(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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