The Home Depot, Inc. (NYSE:HD) Shares Sold by Christensen King & Associates Investment Services Inc.

Christensen King & Associates Investment Services Inc. cut its stake in The Home Depot, Inc. (NYSE:HD) by 4.5% in the third quarter, Holdings Channel.com reports. The firm owned 590 shares of the home improvement retailer’s stock after selling 28 shares during the quarter. Christensen King & Associates Investment Services Inc.’s holdings in Home Depot were worth $239,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have recently commented on HD shares. Oppenheimer upped their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. Melius Research started coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research note on Tuesday. They issued a “market perform” rating and a $451.00 price target on the stock. Finally, Morgan Stanley increased their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $410.67.

Home Depot Stock Down 1.1 %

Shares of NYSE HD opened at $401.85 on Wednesday. The business has a 50-day moving average of $387.35 and a two-hundred day moving average of $359.15. The company has a market capitalization of $398.48 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.65 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share 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 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 yield of 2.24%. Home Depot’s dividend payout ratio is currently 60.36%.

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.