Vicus Capital Has $751,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Vicus Capital reduced its stake in The Home Depot, Inc. (NYSE:HD) by 38.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,854 shares of the home improvement retailer’s stock after selling 1,145 shares during the quarter. Vicus Capital’s holdings in Home Depot were worth $751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Keystone Wealth Services LLC lifted its stake in shares of Home Depot by 3.3% in the first quarter. Keystone Wealth Services LLC now owns 1,804 shares of the home improvement retailer’s stock worth $692,000 after acquiring an additional 58 shares during the period. Central Valley Advisors LLC increased its holdings in Home Depot by 0.4% in the first quarter. Central Valley Advisors LLC now owns 10,352 shares of the home improvement retailer’s stock worth $3,972,000 after purchasing an additional 45 shares in the last quarter. Riverview Trust Co increased its holdings in Home Depot by 7.3% in the first quarter. Riverview Trust Co now owns 1,105 shares of the home improvement retailer’s stock worth $424,000 after purchasing an additional 75 shares in the last quarter. Fermata Advisors LLC increased its holdings in Home Depot by 70.5% in the first quarter. Fermata Advisors LLC now owns 1,463 shares of the home improvement retailer’s stock worth $561,000 after purchasing an additional 605 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in Home Depot by 1.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 41,290 shares of the home improvement retailer’s stock worth $15,839,000 after purchasing an additional 598 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 1.1 %

HD stock opened at $401.85 on Wednesday. The stock’s fifty day simple moving average is $387.35 and its two-hundred day simple moving average is $359.15. 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $421.56. The stock has a market cap of $398.48 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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. 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 analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the firm earned $4.65 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.24%. Home Depot’s dividend payout ratio is presently 60.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HD shares. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Guggenheim lifted their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada decreased their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. One equities research 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 company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $410.67.

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.