Crescent Grove Advisors LLC Reduces Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Crescent Grove Advisors LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,170 shares of the home improvement retailer’s stock after selling 87 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Home Depot were worth $474,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Fairway Wealth LLC bought a new position in Home Depot in the second quarter worth approximately $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth $33,000. Denver PWM LLC purchased a new position in Home Depot during the second quarter valued at $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the third quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the second quarter valued at about $47,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $400.21 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $286.79 and a fifty-two week high of $421.56. The stock has a fifty day moving average of $393.49 and a two-hundred day moving average of $362.92. The company has a market capitalization of $397.53 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 2.72 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last posted its 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 return on equity of 733.61% and a net margin of 9.71%. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the firm earned $4.65 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Evercore ISI reduced their target price 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 raised their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada dropped their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $415.26.

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.