Everence Capital Management Inc. Acquires New Stake in The Home Depot, Inc. (NYSE:HD)


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Everence Capital Management Inc. acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 26,838 shares of the home improvement retailer’s stock, valued at approximately $8,192,000. The Home Depot makes up about 0.7% of Everence Capital Management Inc.’s portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CI Investments Inc. increased its stake in The Home Depot by 7.4% in the 4th quarter. CI Investments Inc. now owns 80,119 shares of the home improvement retailer’s stock valued at $21,281,000 after buying an additional 5,505 shares during the last quarter. Clearview Wealth Advisors LLC acquired a new stake in The Home Depot in the 4th quarter valued at $249,000. S&CO Inc. acquired a new stake in The Home Depot in the 3rd quarter valued at $5,027,000. Venture Visionary Partners LLC increased its stake in The Home Depot by 99.2% in the 4th quarter. Venture Visionary Partners LLC now owns 27,768 shares of the home improvement retailer’s stock valued at $7,375,000 after buying an additional 13,825 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in The Home Depot by 14.0% in the 4th quarter. IFP Advisors Inc now owns 19,001 shares of the home improvement retailer’s stock valued at $5,059,000 after buying an additional 2,330 shares during the last quarter. 68.71% of the stock is currently owned by institutional investors and hedge funds.

NYSE HD traded up $2.16 during trading on Thursday, reaching $314.63. The company’s stock had a trading volume of 114,619 shares, compared to its average volume of 4,696,611. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39. The firm has a market capitalization of $338.73 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a 12 month low of $191.54 and a 12 month high of $315.94. The firm has a 50 day moving average price of $280.49 and a 200 day moving average price of $276.00.

The Home Depot (NYSE:HD) last posted its quarterly earnings data on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.02. The firm had revenue of $32.26 billion during the quarter, compared to the consensus estimate of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.28 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 11.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th were issued a $1.65 dividend. The ex-dividend date of this dividend was Wednesday, March 10th. This represents a $6.60 dividend on an annualized basis and a yield of 2.10%. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s payout ratio is currently 64.39%.

Several equities research analysts have issued reports on HD shares. Wells Fargo & Company lifted their price target on shares of The Home Depot from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. Citigroup initiated coverage on shares of The Home Depot in a research note on Monday, March 15th. They set a “buy” rating and a $288.00 price objective on the stock. Credit Suisse Group restated a “buy” rating and set a $319.00 price objective on shares of The Home Depot in a research note on Thursday, March 25th. Zelman & Associates upgraded shares of The Home Depot from a “hold” rating to a “buy” rating in a research note on Friday, February 12th. Finally, Guggenheim upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price objective on the stock in a research note on Wednesday, January 13th. Five research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $299.32.

The Home Depot 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.

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

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