Cambridge Trust Co. lifted its stake in shares of Home Depot Inc (NYSE:HD) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,530 shares of the home improvement retailer’s stock after acquiring an additional 3,679 shares during the quarter. Cambridge Trust Co.’s holdings in Home Depot were worth $18,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of HD. Wela Strategies Inc. bought a new position in shares of Home Depot during the second quarter worth about $217,000. Beach Investment Management LLC. increased its holdings in Home Depot by 1,023.1% in the second quarter. Beach Investment Management LLC. now owns 68,511 shares of the home improvement retailer’s stock worth $10,510,000 after purchasing an additional 62,411 shares in the last quarter. Strategic Financial Group LLC bought a new stake in Home Depot in the second quarter worth approximately $274,000. Usca Ria LLC increased its holdings in Home Depot by 5.9% in the second quarter. Usca Ria LLC now owns 16,990 shares of the home improvement retailer’s stock worth $2,606,000 after purchasing an additional 954 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in Home Depot by 7.7% in the second quarter. Great Lakes Advisors LLC now owns 118,003 shares of the home improvement retailer’s stock worth $18,102,000 after purchasing an additional 8,387 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.
A number of equities research analysts have weighed in on HD shares. Moffett Nathanson started coverage on Home Depot in a report on Monday, December 4th. They issued a “buy” rating for the company. Deutsche Bank lifted their target price on Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Oppenheimer reiterated a “buy” rating on shares of Home Depot in a report on Thursday, December 7th. BTIG Research lifted their target price on Home Depot to $215.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, Citigroup reiterated a “buy” rating and issued a $213.00 target price on shares of Home Depot in a report on Thursday, December 7th. One research 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 stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $194.04.
Shares of Home Depot Inc (NYSE HD) opened at $175.29 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. Home Depot Inc has a one year low of $144.25 and a one year high of $207.60. The company has a market capitalization of $208,046.17, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The company 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%. Home Depot’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. equities research analysts expect that Home Depot Inc will post 9.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were given a dividend of $1.03 per share. This is a boost from Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $4.12 annualized dividend and a dividend yield of 2.35%. Home Depot’s payout ratio is presently 56.59%.
Home Depot declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, EVP Ann Marie Campbell sold 37,680 shares of Home Depot stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $186.26, for a total transaction of $7,018,276.80. Following the transaction, the executive vice president now owns 53,459 shares of the company’s stock, valued at $9,957,273.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory D. Brenneman bought 16,827 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were bought at an average cost of $178.29 per share, for a total transaction of $3,000,085.83. Following the transaction, the director now owns 46,332 shares of the company’s stock, valued at $8,260,532.28. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 169,027 shares of company stock worth $31,220,882. 0.26% of the stock is owned by insiders.
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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