Gs Investments Inc. acquired a new stake in Home Depot, Inc. (The) (NYSE:HD) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,487 shares of the home improvement retailer’s stock, valued at approximately $3,143,000. Home Depot comprises about 2.4% of Gs Investments Inc.’s portfolio, making the stock its 10th biggest holding.
A number of other large investors have also recently made changes to their positions in HD. Jacobi Capital Management LLC grew its stake in shares of Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after buying an additional 101 shares during the last quarter. Glassman Wealth Services grew its stake in shares of Home Depot by 38.3% during the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after buying an additional 300 shares during the last quarter. St. Johns Investment Management Company LLC grew its stake in shares of Home Depot by 81.8% during the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after buying an additional 495 shares during the last quarter. Mascoma Wealth Management LLC grew its stake in shares of Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after buying an additional 7 shares during the last quarter. Finally, Acrospire Investment Management LLC grew its stake in shares of Home Depot by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock worth $184,000 after buying an additional 900 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research note on Thursday, August 24th. Telsey Advisory Group boosted their target price on shares of Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $195.00 target price on shares of Home Depot in a research note on Thursday, November 30th. SunTrust Banks boosted their target price on shares of Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, December 7th. Finally, Bank of America boosted their price objective on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $183.28.
Home Depot, Inc. (HD) opened at $182.58 on Friday. The stock has a market cap of $212,682.14, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. Home Depot, Inc. has a fifty-two week low of $133.05 and a fifty-two week high of $186.31.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. Home Depot’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 earnings per share. equities analysts expect that Home Depot, Inc. will post 7.37 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a $0.89 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 1.95%. Home Depot’s payout ratio is 49.44%.
Home Depot declared that its board has initiated a stock repurchase plan on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.
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Home Depot Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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