Virginia Retirement Systems ET AL Sells 64,700 Shares of Home Depot Inc (HD)

Virginia Retirement Systems ET AL lowered its holdings in Home Depot Inc (NYSE:HD) by 13.1% in the second quarter, HoldingsChannel.com reports. The firm owned 430,800 shares of the home improvement retailer’s stock after selling 64,700 shares during the quarter. Home Depot comprises approximately 1.0% of Virginia Retirement Systems ET AL’s holdings, making the stock its 11th biggest holding. Virginia Retirement Systems ET AL’s holdings in Home Depot were worth $84,049,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lucia Wealth Services LLC bought a new stake in shares of Home Depot during the 1st quarter worth approximately $101,000. Institutional & Family Asset Management LLC bought a new stake in shares of Home Depot during the 1st quarter worth approximately $108,000. Clarus Wealth Advisors bought a new stake in shares of Home Depot during the 2nd quarter worth approximately $136,000. Princeton Capital Management LLC bought a new stake in shares of Home Depot during the 1st quarter worth approximately $151,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Home Depot during the 4th quarter worth approximately $199,000. 69.01% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:HD opened at $196.38 on Monday. The company has a market capitalization of $237.01 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.63 and a beta of 1.11. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60. Home Depot Inc has a one year low of $160.53 and a one year high of $215.43.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. The business had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, research analysts forecast that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 55.23%.

In other Home Depot news, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the transaction, the executive vice president now directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target for the company in a report on Friday. Wells Fargo & Co reaffirmed a “buy” rating and set a $230.00 price target on shares of Home Depot in a report on Sunday, September 16th. Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, August 21st. They set a “buy” rating and a $228.00 price target for the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $203.00 price target on shares of Home Depot in a report on Thursday, August 16th. Finally, Citigroup reaffirmed a “buy” rating and set a $227.00 price target on shares of Home Depot in a report on Wednesday, August 15th. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and an average price target of $206.80.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Read More: What is a Fiduciary?

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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