The Home Depot, Inc. (NYSE:HD) Shares Purchased by Mason & Associates Inc

Mason & Associates Inc increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,623 shares of the home improvement retailer’s stock after purchasing an additional 53 shares during the quarter. Mason & Associates Inc’s holdings in Home Depot were worth $658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Fairway Wealth LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at about $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the 2nd quarter valued at approximately $33,000. Denver PWM LLC purchased a new stake in Home Depot during the 2nd quarter valued at approximately $40,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Home Depot during the 2nd quarter worth approximately $47,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.9 %

Shares of HD opened at $398.97 on Friday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $421.56. The firm has a market capitalization of $396.29 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. 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’s fifty day simple moving average is $389.08 and its 200 day simple moving average is $359.73.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the company 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, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.57%.

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Wednesday, October 2nd. Guggenheim upped their price target on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and upped their price target for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $412.00.

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.