Bank of Hawaii increased its stake in Home Depot Inc (NYSE:HD) by 11.6% in the second quarter, HoldingsChannel reports. The firm owned 16,781 shares of the home improvement retailer’s stock after acquiring an additional 1,749 shares during the quarter. Bank of Hawaii’s holdings in Home Depot were worth $3,274,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in HD. Summit Trail Advisors LLC increased its holdings in shares of Home Depot by 17,627.8% in the 1st quarter. Summit Trail Advisors LLC now owns 2,233,171 shares of the home improvement retailer’s stock valued at $2,233,000 after purchasing an additional 2,220,574 shares in the last quarter. Natixis increased its holdings in Home Depot by 153.0% during the 1st quarter. Natixis now owns 1,064,144 shares of the home improvement retailer’s stock valued at $189,673,000 after acquiring an additional 643,600 shares in the last quarter. BlackRock Inc. increased its holdings in Home Depot by 0.8% during the 1st quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock valued at $12,875,610,000 after acquiring an additional 604,634 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in Home Depot by 19,557.4% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 590,509 shares of the home improvement retailer’s stock valued at $3,042,000 after acquiring an additional 587,505 shares in the last quarter. Finally, Mackay Shields LLC purchased a new position in Home Depot during the 1st quarter valued at about $80,918,000. Institutional investors and hedge funds own 69.01% of the company’s stock.
Shares of NYSE HD opened at $192.47 on Friday. The stock has a market cap of $237.01 billion, a PE ratio of 25.76, a PEG ratio of 1.63 and a beta of 1.11. Home Depot Inc has a 12 month low of $160.53 and a 12 month high of $215.43. 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 (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, research analysts predict that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.14%. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.
In related news, EVP William G. Lennie sold 10,854 shares of the firm’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 sale, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the sale, the executive vice president now directly owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
Several research firms have weighed in on HD. Piper Jaffray Companies restated a “hold” rating and set a $203.00 target price on shares of Home Depot in a report on Thursday, August 16th. Citigroup restated a “buy” rating and set a $227.00 target price on shares of Home Depot in a report on Wednesday, August 15th. Jefferies Financial Group began coverage on shares of Home Depot in a report on Tuesday, August 21st. They set a “buy” rating and a $228.00 target price for the company. Loop Capital set a $200.00 target price on shares of Home Depot and gave the company a “hold” rating in a report on Wednesday, July 11th. Finally, Morgan Stanley raised their target price on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $207.40.
Home Depot Company Profile
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.
Further Reading: What is the NASDAQ?
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).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.