Texas Permanent School Fund lowered its stake in shares of Home Depot Inc (NYSE:HD) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 318,784 shares of the home improvement retailer’s stock after selling 7,902 shares during the quarter. Home Depot comprises 0.8% of Texas Permanent School Fund’s portfolio, making the stock its 16th largest holding. Texas Permanent School Fund’s holdings in Home Depot were worth $60,419,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Atlantic Trust LLC lifted its holdings in shares of Home Depot by 12.8% during the second quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock worth $3,119,000 after buying an additional 2,309 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Home Depot by 6.3% during the third quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock worth $366,731,000 after buying an additional 133,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Home Depot by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,133,380 shares of the home improvement retailer’s stock worth $512,473,000 after buying an additional 8,344 shares during the last quarter. HM Payson & Co. lifted its holdings in shares of Home Depot by 88.2% during the third quarter. HM Payson & Co. now owns 143,617 shares of the home improvement retailer’s stock worth $23,490,000 after buying an additional 67,309 shares during the last quarter. Finally, Andra AP fonden lifted its holdings in shares of Home Depot by 1.4% during the second quarter. Andra AP fonden now owns 106,299 shares of the home improvement retailer’s stock worth $16,306,000 after buying an additional 1,499 shares during the last quarter. 70.59% of the stock is owned by hedge funds and other institutional investors.
Shares of HD stock opened at $178.16 on Wednesday. Home Depot Inc has a 1 year low of $144.25 and a 1 year high of $207.60. The firm has a market capitalization of $206,808.36, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.38.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The firm had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. equities research analysts anticipate that Home Depot Inc will post 9.43 EPS for the current fiscal 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 given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.31%. This is a boost from Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, March 7th. Home Depot’s dividend payout ratio is 56.59%.
Home Depot announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
A number of brokerages have recently commented on HD. Telsey Advisory Group upped their price target on Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Robert W. Baird reiterated an “outperform” rating and set a $195.00 price target on shares of Home Depot in a report on Thursday, November 30th. SunTrust Banks upped their price target on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, December 7th. Credit Suisse Group upped their target price on Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Bank of America restated a “buy” rating and issued a $190.60 target price (down from $219.00) on shares of Home Depot in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and an average price target of $193.15.
In other news, EVP Edward P. Decker sold 17,660 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the sale, the executive vice president now owns 73,815 shares in the company, valued at $13,827,025.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 37,680 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $186.26, for a total value of $7,018,276.80. Following the sale, the executive vice president now owns 53,459 shares in the company, valued at approximately $9,957,273.34. The disclosure for this sale can be found here. Insiders sold 169,027 shares of company stock worth $31,220,882 over the last quarter. Company insiders own 0.26% of the company’s stock.
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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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