The Home Depot, Inc. (NYSE:HD) Stake Decreased by Oakworth Capital Inc.

Oakworth Capital Inc. reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 17.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,456 shares of the home improvement retailer’s stock after selling 1,540 shares during the quarter. Oakworth Capital Inc.’s holdings in Home Depot were worth $2,567,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bare Financial Services Inc bought a new position in shares of Home Depot during the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC acquired a new stake in Home Depot during the 4th quarter valued at $27,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot during the first quarter valued at $38,000. Burkett Financial Services LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Evercore ISI reduced their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday. Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Wedbush reaffirmed an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a research report on Friday, May 10th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $386.33.

Home Depot Price Performance

Shares of HD stock traded up $1.99 during trading hours on Friday, hitting $362.06. 3,308,320 shares of the company’s stock were exchanged, compared to its average volume of 3,434,097. The stock’s 50-day moving average is $350.74 and its 200-day moving average is $353.23. The stock has a market cap of $359.02 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the previous year, the firm posted $4.65 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.49%. Home Depot’s payout ratio is currently 60.36%.

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.