The Home Depot, Inc. (NYSE:HD) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in The Home Depot, Inc. (NYSE:HD) by 5.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,416 shares of the home improvement retailer’s stock after acquiring an additional 10,566 shares during the quarter. CIBC Asset Management Inc’s holdings in Home Depot were worth $78,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Fairway Wealth LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at $25,000. Kings Path Partners LLC acquired a new stake in Home Depot in the 2nd quarter valued at $33,000. Denver PWM LLC purchased a new position in Home Depot in the second quarter valued at about $40,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the third quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot in the second quarter worth about $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $405.60 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The company has a market cap of $402.88 billion, a P/E ratio of 27.55, a PEG ratio of 2.83 and a beta of 1.01. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56. The stock has a fifty day moving average price of $397.67 and a 200 day moving average price of $365.56.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.81 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.06 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.22%. Home Depot’s dividend payout ratio is currently 61.14%.

Analyst Ratings Changes

Several equities research analysts recently commented on HD shares. TD Cowen raised their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. DA Davidson upped their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays lifted their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot 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.