Northern Financial Advisors Inc Sells 43 Shares of The Home Depot, Inc. (NYSE:HD)

Northern Financial Advisors Inc lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the third quarter, Holdings Channel reports. The institutional investor owned 3,477 shares of the home improvement retailer’s stock after selling 43 shares during the period. Northern Financial Advisors Inc’s holdings in Home Depot were worth $1,409,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its holdings in Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after buying an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. raised its holdings in Home Depot by 33,540.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock worth $509,081,000 after acquiring an additional 1,474,459 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new position in Home Depot in the 1st quarter valued at approximately $513,016,000. Price T Rowe Associates Inc. MD boosted its stake in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after purchasing an additional 971,833 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Home Depot in the 1st quarter worth $301,364,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $392.59 on Monday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a 1-year low of $286.79 and a 1-year high of $421.56. The business has a 50 day simple moving average of $392.51 and a two-hundred day simple moving average of $362.03. The stock has a market capitalization of $389.96 billion, a PE ratio of 26.42, a P/E/G ratio of 2.73 and a beta of 1.01.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $42.57 billion. During the same quarter in the prior year, the firm earned $4.65 earnings per share. Home Depot’s revenue was up .6% on a year-over-year basis. On average, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.29%. Home Depot’s dividend payout ratio is currently 60.57%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HD shares. Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Stifel Nicolaus cut their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report 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 on the stock. Oppenheimer upped their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Finally, UBS Group raised their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $413.48.

Home Depot Company 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.