RGT Wealth Advisors LLC Has $2.23 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

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RGT Wealth Advisors LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,133 shares of the home improvement retailer’s stock after selling 159 shares during the quarter. Home Depot comprises about 0.4% of RGT Wealth Advisors LLC’s portfolio, making the stock its 19th biggest holding. RGT Wealth Advisors LLC’s holdings in Home Depot were worth $2,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Sky Investment Group LLC lifted its stake in Home Depot by 3.4% in the 1st quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock valued at $6,345,000 after purchasing an additional 703 shares during the last quarter. Barrett Asset Management LLC lifted its position in shares of Home Depot by 5.6% in the first quarter. Barrett Asset Management LLC now owns 66,478 shares of the home improvement retailer’s stock valued at $19,898,000 after buying an additional 3,507 shares during the last quarter. Everhart Financial Group Inc. boosted its stake in shares of Home Depot by 28.5% during the 1st quarter. Everhart Financial Group Inc. now owns 2,062 shares of the home improvement retailer’s stock worth $617,000 after acquiring an additional 457 shares during the period. Diversified LLC increased its holdings in shares of Home Depot by 1.5% during the 1st quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock worth $975,000 after acquiring an additional 47 shares during the last quarter. Finally, Matisse Capital raised its stake in Home Depot by 3.9% in the 1st quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer’s stock valued at $797,000 after acquiring an additional 100 shares during the period. Institutional investors own 68.66% of the company’s stock.

Home Depot Stock Down 0.9 %

NYSE HD opened at $271.57 on Thursday. The business has a fifty day moving average price of $299.86 and a two-hundred day moving average price of $299.78. The stock has a market capitalization of $278.01 billion, a PE ratio of 16.69, a PEG ratio of 1.51 and a beta of 0.99. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $420.61. The company has a debt-to-equity ratio of 165.70, a current ratio of 1.18 and a quick ratio of 0.25.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share for the quarter, topping the consensus estimate of $4.95 by $0.10. The business had revenue of $43.79 billion during the quarter, compared to the consensus estimate of $43.33 billion. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. Home Depot’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.53 EPS. Equities analysts expect that The Home Depot, Inc. will post 16.56 earnings per share for the current fiscal year.

Home Depot announced that its board has authorized a share buyback program on Thursday, August 18th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to purchase up to 4.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Wednesday, August 31st. Home Depot’s dividend payout ratio (DPR) is presently 46.71%.

Insider Buying and Selling

In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the sale, the executive vice president now owns 6,180 shares in the company, valued at $1,857,646.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $300.59, for a total value of $300,590.00. Following the completion of the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at approximately $1,857,646.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total value of $4,000,689.00. Following the sale, the executive vice president now owns 34,522 shares in the company, valued at approximately $10,917,927.72. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson lifted their price objective on shares of Home Depot to $334.00 in a research report on Monday, August 22nd. UBS Group upped their price target on shares of Home Depot from $360.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Robert W. Baird raised their price objective on shares of Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Guggenheim lifted their price target on Home Depot from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.95.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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