Concurrent Investment Advisors LLC Buys 1,173 Shares of The Home Depot, Inc. (NYSE:HD)

Concurrent Investment Advisors LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,175 shares of the home improvement retailer’s stock after buying an additional 1,173 shares during the period. Home Depot comprises approximately 0.6% of Concurrent Investment Advisors LLC’s holdings, making the stock its 28th largest position. Concurrent Investment Advisors LLC’s holdings in Home Depot were worth $21,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Home Depot by 51,250.1% during the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after buying an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. raised its holdings in Home Depot by 33,540.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock worth $509,081,000 after purchasing an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd purchased a new position in Home Depot during the first quarter valued at $513,016,000. Price T Rowe Associates Inc. MD increased its position in Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after buying an additional 971,833 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Home Depot in the first quarter worth about $301,364,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on HD shares. JPMorgan Chase & Co. raised their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Melius Research began coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. Barclays upped their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $416.37.

Home Depot Stock Down 3.0 %

Shares of HD opened at $388.19 on Thursday. The Home Depot, Inc. has a 52-week low of $286.79 and a 52-week high of $421.56. 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 business has a fifty day moving average of $393.80 and a 200 day moving average of $363.10. The company has a market cap of $385.59 billion, a PE ratio of 26.12, a P/E/G ratio of 2.74 and a beta of 1.01.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the firm posted $4.65 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side 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. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

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.