Cim LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 8.2% during the first quarter, Holdings Channel reports. The institutional investor owned 4,957 shares of the home improvement retailer’s stock after purchasing an additional 375 shares during the quarter. Cim LLC’s holdings in Home Depot were worth $1,520,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Rinkey Investments acquired a new stake in Home Depot during the fourth quarter worth about $25,000. Shore Point Advisors LLC acquired a new stake in Home Depot during the fourth quarter worth about $26,000. Barnett & Company Inc. Its position in Home Depot grew by 173.1% during the fourth quarter. Barnett & Company Inc. Now owns 71 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 45 shares in the last quarter. Retirement Group LLC grew its position in Home Depot by 111.1% during the fourth quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock worth $39,000 after buying an additional 50 shares in the last quarter. Finally, Family CFO Inc acquired a new stake in Home Depot during the fourth quarter valued at approximately $42,000. 70.61% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the company. Telsey Advisory Group decreased their objective price on Home Depot from $425.00 to $375.00 and set an “outperform” rating on the stock in a report on Wednesday, February 23rd. Gordon Haskett downgraded Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. OTR Global downgraded Home Depot to a “positive” rating in a report on Tuesday, May 10th. Wedbush decreased their objective price on Home Depot from $340.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, May 18th. Finally, JPMorgan Chase & Co. decreased their price objective on Home Depot from $406.00 to $365.00 in a report on Wednesday, February 23rd. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $373.86.
In other Home Depot news, EVP Hector A. Padilla sold 504 shares of the company’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of $309.80, for a total transaction of $156,139.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Insiders have sold a total of 11,933 shares of company stock valued at $3,448,197 in the last quarter. Corporate insiders own 0.17% of the company’s stock.
HD stock opened at $268.98 on Thursday. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The company has a 50 day moving average price of $295.62 and a 200 day moving average price of $334.61. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $420.61. The stock has a market capitalization of $276.45 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97.
Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The firm had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. During the same quarter in the previous year, the company posted $3.86 EPS. Home Depot’s revenue was up 3.8% on a year-over-year basis. As a group, equities analysts expect that The Home Depot, Inc. will post 16.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Wednesday, June 1st. Home Depot’s payout ratio is 48.25%.
Home Depot Company Profile (Get Rating)
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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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