Jackson Wealth Management LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 9.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,039 shares of the home improvement retailer’s stock after purchasing an additional 1,686 shares during the period. Jackson Wealth Management LLC’s holdings in The Home Depot were worth $6,117,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Flagship Private Wealth LLC bought a new stake in The Home Depot in the fourth quarter worth $32,000. Westchester Capital Management Inc. bought a new stake in The Home Depot in the fourth quarter worth $33,000. Bouvel Investment Partners LLC bought a new stake in The Home Depot in the fourth quarter worth $33,000. Claudia M.P. Batlle CRP R LLC bought a new stake in The Home Depot in the third quarter worth $34,000. Finally, Winch Advisory Services LLC lifted its stake in The Home Depot by 139.6% in the fourth quarter. Winch Advisory Services LLC now owns 127 shares of the home improvement retailer’s stock worth $34,000 after purchasing an additional 74 shares during the last quarter. 68.71% of the stock is owned by institutional investors and hedge funds.
HD has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of The Home Depot from $310.00 to $330.00 and gave the company an “overweight” rating in a research report 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 report on Monday, March 15th. They issued a “buy” rating and a $288.00 price objective on the stock. 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 report on Wednesday, January 13th. Zelman & Associates upgraded shares of The Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, February 12th. Finally, Loop Capital boosted their price objective on shares of The Home Depot from $310.00 to $350.00 and gave the company a “buy” rating in a research report on Monday. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $299.97.
The Home Depot (NYSE:HD) last issued its earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.02. The firm had revenue of $32.26 billion for 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 was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.28 earnings per share. On average, analysts forecast that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were given a dividend of $1.65 per share. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. 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 2.06%. The Home Depot’s dividend payout ratio is 64.39%.
About The 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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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