The Home Depot, Inc. (NYSE:HD) Shares Purchased by Lockerman Financial Group Inc.

Lockerman Financial Group Inc. grew its stake in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 6.6% in the third quarter, Holdings Channel.com reports. The fund owned 1,171 shares of the home improvement retailer’s stock after buying an additional 73 shares during the quarter. Lockerman Financial Group Inc.’s holdings in Home Depot were worth $474,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HD. Fairway Wealth LLC purchased a new stake in shares of Home Depot during the second quarter valued at $25,000. Kings Path Partners LLC acquired a new stake in Home Depot during the 2nd quarter worth about $33,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in Home Depot during the first quarter valued at about $38,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the fourth quarter worth about $39,000. Finally, Denver PWM LLC purchased a new position in shares of Home Depot in the second quarter worth approximately $40,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

HD stock traded up $0.16 during midday trading on Tuesday, hitting $415.58. The stock had a trading volume of 3,692,365 shares, compared to its average volume of 3,384,463. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The stock has a 50-day simple moving average of $379.66 and a 200 day simple moving average of $357.15. The firm has a market capitalization of $412.09 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $4.65 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share 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 $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.17%. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HD shares. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their target price for the stock from $360.00 to $460.00 in a research report on Wednesday, October 9th. Melius Research started coverage on Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. Finally, Evercore ISI cut their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $404.69.

Get Our Latest Analysis on HD

Home Depot Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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