Dohj LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 13.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,037 shares of the home improvement retailer’s stock after selling 165 shares during the quarter. Dohj LLC’s holdings in The Home Depot were worth $331,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in HD. Factorial Partners LLC increased its position in The Home Depot by 112,672.9% in the first quarter. Factorial Partners LLC now owns 4,059,825 shares of the home improvement retailer’s stock worth $13,300,000 after purchasing an additional 4,056,225 shares during the period. Capital International Investors increased its position in The Home Depot by 117.9% in the first quarter. Capital International Investors now owns 2,738,001 shares of the home improvement retailer’s stock worth $835,775,000 after purchasing an additional 1,481,366 shares during the period. Bank of New York Mellon Corp increased its position in The Home Depot by 11.7% in the first quarter. Bank of New York Mellon Corp now owns 12,190,230 shares of the home improvement retailer’s stock worth $3,721,069,000 after purchasing an additional 1,272,539 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new stake in The Home Depot in the second quarter worth about $197,167,000. Finally, Franklin Resources Inc. grew its position in shares of The Home Depot by 49.5% during the 1st quarter. Franklin Resources Inc. now owns 1,979,376 shares of the home improvement retailer’s stock worth $604,204,000 after buying an additional 654,949 shares during the period. Hedge funds and other institutional investors own 68.97% of the company’s stock.
Several equities analysts have recently issued reports on the company. OTR Global lowered The Home Depot to a “positive” rating in a research report on Tuesday, August 10th. Loop Capital boosted their target price on The Home Depot from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, May 19th. Jefferies Financial Group decreased their target price on The Home Depot from $380.00 to $369.00 and set a “buy” rating for the company in a research report on Wednesday, August 18th. Piper Sandler boosted their target price on The Home Depot from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 19th. Finally, Royal Bank of Canada boosted their target price on The Home Depot from $377.00 to $386.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 19th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $339.52.
The Home Depot (NYSE:HD) last posted its earnings results on Monday, August 16th. The home improvement retailer reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.10. The business had revenue of $41.12 billion for the quarter, compared to analyst estimates of $40.74 billion. The Home Depot had a return on equity of 709.19% and a net margin of 10.55%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.02 EPS. Analysts predict that The Home Depot, Inc. will post 14.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 16th. Investors of record on Thursday, September 2nd will be issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, September 1st. The Home Depot’s payout ratio is presently 54.86%.
The Home Depot announced that its board has authorized a share repurchase plan on Thursday, May 20th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the home improvement retailer to repurchase up to 5.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
In other The Home Depot news, EVP Teresa Wynn Roseborough sold 5,000 shares of the company’s stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $328.65, for a total value of $1,643,250.00. Following the transaction, the executive vice president now directly owns 19,760 shares of the company’s stock, valued at approximately $6,494,124. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Craig A. Menear sold 68,468 shares of the company’s stock in a transaction on Friday, August 20th. The shares were sold at an average price of $325.46, for a total value of $22,283,595.28. The disclosure for this sale can be found here. Insiders have sold a total of 74,622 shares of company stock worth $24,302,611 over the last three months. 0.18% of the stock is owned by insiders.
The Home Depot Company Profile
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
Featured Story: Debt-To-Equity Ratio
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD).
Receive News & Ratings for The Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.