Philip James Wealth Mangement LLC Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Philip James Wealth Mangement LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 1,746.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,960 shares of the home improvement retailer’s stock after purchasing an additional 13,204 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in Home Depot were worth $5,656,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Home Depot in the second quarter valued at about $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot during the 2nd quarter worth approximately $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 3rd quarter valued at approximately $46,000. Denver PWM LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC grew its holdings in Home Depot by 68.0% during the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.8 %

NYSE:HD traded up $3.37 during mid-day trading on Friday, reaching $402.81. The company’s stock had a trading volume of 389,751 shares, compared to its average volume of 3,355,475. 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 stock has a market cap of $400.11 billion, a P/E ratio of 26.88, a P/E/G ratio of 2.74 and a beta of 1.01. The company’s fifty day simple moving average is $393.80 and its two-hundred day simple moving average is $363.10. The Home Depot, Inc. has a twelve month low of $286.79 and a twelve month high of $421.56.

Home Depot (NYSE:HD) last released its earnings results 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. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period last year, the company earned $4.65 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.23%. Home Depot’s dividend payout ratio is presently 60.57%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HD. Stifel Nicolaus decreased their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Barclays upped their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group boosted their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $420.04.

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.