Blake Schutter Theil Wealth Advisors LLC Purchases Shares of 2,917 The Home Depot, Inc. (NYSE:HD)

Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the third quarter, HoldingsChannel reports. The fund acquired 2,917 shares of the home improvement retailer’s stock, valued at approximately $1,182,000. Home Depot makes up about 0.8% of Blake Schutter Theil Wealth Advisors LLC’s investment portfolio, making the stock its 27th largest holding.

Several other large investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the second quarter worth $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the 2nd quarter worth $33,000. Denver PWM LLC acquired a new stake in Home Depot in the 2nd quarter valued at $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot in the third quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the second quarter worth about $47,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 3.0 %

NYSE HD opened at $388.19 on Thursday. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The Home Depot, Inc. has a one year low of $286.79 and a one year high of $421.56. The company has a 50-day simple moving average of $393.80 and a 200-day simple moving average of $363.10. The firm has a market capitalization of $385.59 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.65 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.32%. Home Depot’s payout ratio is currently 60.57%.

Analysts Set New Price Targets

HD has been the subject of a number of recent research reports. Morgan Stanley increased their target price on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Wednesday, October 2nd. Barclays lifted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday. Telsey Advisory Group restated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. Finally, Stifel Nicolaus dropped their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. One 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 company’s stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $416.37.

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.