Skylands Capital LLC lessened its holdings in Home Depot Inc (NYSE:HD) by 19.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,100 shares of the home improvement retailer’s stock after selling 2,000 shares during the quarter. Skylands Capital LLC’s holdings in Home Depot were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Pennsylvania Trust Co grew its stake in shares of Home Depot by 0.3% during the 4th quarter. Pennsylvania Trust Co now owns 184,749 shares of the home improvement retailer’s stock worth $35,015,000 after acquiring an additional 584 shares during the period. Atria Investments LLC grew its stake in shares of Home Depot by 54.6% during the 4th quarter. Atria Investments LLC now owns 19,279 shares of the home improvement retailer’s stock worth $3,654,000 after acquiring an additional 6,810 shares during the period. KCS Wealth Advisory bought a new position in shares of Home Depot during the 4th quarter worth $689,000. CMH Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter worth $197,000. Finally, Trellis Advisors LLC bought a new position in shares of Home Depot during the 4th quarter worth $229,000. Hedge funds and other institutional investors own 70.63% of the company’s stock.
Several research analysts have recently weighed in on the company. Loop Capital assumed coverage on Home Depot in a research note on Thursday, March 1st. They set a “hold” rating and a $187.00 price target for the company. SunTrust Banks increased their price target on Home Depot to $187.00 and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Credit Suisse Group set a $222.00 price target on Home Depot and gave the stock a “buy” rating in a research note on Wednesday, February 21st. BMO Capital Markets raised their target price on Home Depot from $191.00 to $213.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Finally, Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $193.15.
In other Home Depot news, EVP Edward P. Decker sold 17,660 shares of Home Depot stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total value of $3,308,071.20. Following the transaction, the executive vice president now directly owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig A. Menear sold 113,687 shares of Home Depot stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $183.79, for a total value of $20,894,533.73. Following the completion of the transaction, the chief executive officer now directly owns 237,957 shares in the company, valued at $43,734,117.03. The disclosure for this sale can be found here. Insiders sold a total of 169,027 shares of company stock worth $31,220,882 over the last ninety days. Insiders own 0.26% of the company’s stock.
Shares of Home Depot Inc (NYSE HD) opened at $178.96 on Friday. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69. The firm has a market capitalization of $208,980.00, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. Home Depot Inc has a 1-year low of $144.25 and a 1-year high of $207.60.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.07. The business had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. equities research analysts forecast that Home Depot Inc will post 9.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be paid a $1.03 dividend. This is a boost from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Wednesday, March 7th. Home Depot’s payout ratio is 55.68%.
Home Depot announced that its Board of Directors has authorized a share buyback program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
Home Depot Company 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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