The Home Depot, Inc. (NYSE:HD) Shares Sold by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 3.6% in the 3rd quarter, Holdings Channel reports. The firm owned 11,702 shares of the home improvement retailer’s stock after selling 433 shares during the period. Joel Isaacson & Co. LLC’s holdings in Home Depot were worth $4,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Massachusetts Wealth Management increased its position in Home Depot by 1.4% in the 3rd quarter. Massachusetts Wealth Management now owns 5,540 shares of the home improvement retailer’s stock valued at $2,245,000 after acquiring an additional 75 shares during the period. Lake Street Advisors Group LLC increased its holdings in shares of Home Depot by 2.3% in the third quarter. Lake Street Advisors Group LLC now owns 10,391 shares of the home improvement retailer’s stock valued at $4,211,000 after purchasing an additional 238 shares during the period. Financial Management Network Inc. increased its holdings in shares of Home Depot by 1.5% in the third quarter. Financial Management Network Inc. now owns 5,287 shares of the home improvement retailer’s stock valued at $2,159,000 after purchasing an additional 77 shares during the period. Canal Capital Management LLC raised its stake in shares of Home Depot by 4.9% during the third quarter. Canal Capital Management LLC now owns 16,540 shares of the home improvement retailer’s stock worth $6,702,000 after purchasing an additional 772 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC lifted its holdings in shares of Home Depot by 9.6% during the third quarter. Blackston Financial Advisory Group LLC now owns 3,434 shares of the home improvement retailer’s stock worth $1,391,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.9 %

Shares of NYSE:HD opened at $398.91 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a market capitalization of $396.23 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.78 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $421.56. The stock’s fifty day simple moving average is $389.81 and its 200-day simple moving average is $359.98.

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, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.65 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Thursday, September 12th. Royal Bank of Canada cut their price target 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. Oppenheimer lifted their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Jefferies Financial Group initiated coverage on 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, Guggenheim lifted their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $412.00.

About Home Depot

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.