Denali Advisors LLC bought a new stake in Home Depot Inc (NYSE:HD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 700 shares of the home improvement retailer’s stock, valued at approximately $133,000.
Other institutional investors also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. grew its position in shares of Home Depot by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock valued at $253,000 after buying an additional 7 shares during the last quarter. Mcdaniel Terry & Co. grew its position in shares of Home Depot by 0.5% during the 2nd quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock valued at $257,000 after buying an additional 9 shares during the last quarter. Cutter & CO Brokerage Inc. grew its position in shares of Home Depot by 0.3% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,782 shares of the home improvement retailer’s stock valued at $580,000 after buying an additional 10 shares during the last quarter. Fort Pitt Capital Group LLC grew its position in shares of Home Depot by 0.3% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 3,444 shares of the home improvement retailer’s stock valued at $528,000 after buying an additional 10 shares during the last quarter. Finally, Highland Private Wealth Management grew its position in shares of Home Depot by 1.7% during the 2nd quarter. Highland Private Wealth Management now owns 1,635 shares of the home improvement retailer’s stock valued at $251,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.
In other Home Depot news, Director Armando M. Codina bought 6,650 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was acquired at an average cost of $178.66 per share, with a total value of $1,188,089.00. Following the completion of the purchase, the director now directly owns 42,300 shares in the company, valued at $7,557,318. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 37,680 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $186.26, for a total transaction of $7,018,276.80. Following the sale, the executive vice president now directly owns 53,459 shares of the company’s stock, valued at $9,957,273.34. The disclosure for this sale can be found here. Insiders sold 169,027 shares of company stock valued at $31,220,882 over the last quarter. Insiders own 0.26% of the company’s stock.
A number of equities research analysts recently weighed in on HD shares. BMO Capital Markets boosted their price objective on shares of Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. BTIG Research boosted their price objective on shares of Home Depot to $215.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Jefferies Group reaffirmed a “buy” rating and set a $223.00 price objective on shares of Home Depot in a research report on Monday, February 5th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, February 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $183.00 price objective (up previously from $175.00) on shares of Home Depot in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $193.15.
Home Depot stock opened at $178.02 on Thursday. 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 stock has a market cap of $208,046.17, a P/E ratio of 23.91, a PEG 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 posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.07. The business had revenue of $23.88 billion during the quarter, compared to analysts’ expectations of $23.65 billion. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $1.44 earnings per share. analysts anticipate that Home Depot Inc will post 9.43 EPS for the current fiscal year.
Home Depot announced that its board has approved a stock repurchase plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This is a boost from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is 56.59%.
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About Home Depot
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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