Fortune 45 LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,272 shares of the home improvement retailer’s stock after purchasing an additional 85 shares during the quarter. Fortune 45 LLC’s holdings in Home Depot were worth $380,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in HD. Geode Capital Management LLC lifted its position in Home Depot by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $7,002,662,000 after acquiring an additional 701,811 shares in the last quarter. Norges Bank bought a new position in Home Depot in the 4th quarter valued at about $4,325,629,000. Fisher Asset Management LLC lifted its position in Home Depot by 4.6% in the 4th quarter. Fisher Asset Management LLC now owns 7,830,978 shares of the home improvement retailer’s stock valued at $3,249,934,000 after acquiring an additional 346,970 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in Home Depot by 11.4% in the 3rd quarter. UBS Asset Management Americas Inc. Now owns 5,903,692 shares of the home improvement retailer’s stock valued at $1,937,946,000 after acquiring an additional 605,827 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Home Depot by 12.2% in the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock valued at $2,166,946,000 after acquiring an additional 566,462 shares in the last quarter. 70.61% of the stock is currently owned by institutional investors.
In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the transaction, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Becker Caryn Seidman purchased 1,500 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was purchased at an average cost of $287.73 per share, with a total value of $431,595.00. Following the completion of the acquisition, the director now owns 1,500 shares in the company, valued at $431,595. The disclosure for this purchase can be found here. 0.17% of the stock is owned by company insiders.
Home Depot stock opened at $275.42 on Friday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The firm has a market capitalization of $283.06 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.61 and a beta of 0.97. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47. The firm has a 50 day simple moving average of $295.04 and a 200 day simple moving average of $333.63.
Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. During the same period in the previous year, the business earned $3.86 EPS. Home Depot’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 16.47 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were issued a $1.90 dividend. This represents a $7.60 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot’s payout ratio is 48.25%.
HD has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. MKM Partners initiated coverage on shares of Home Depot in a research report on Thursday. They set a “neutral” rating and a $285.00 target price on the stock. Evercore ISI dropped their target price on shares of Home Depot to $360.00 in a research report on Thursday, June 9th. Guggenheim dropped their target price on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Finally, OTR Global cut shares of Home Depot to a “positive” rating in a research report on Tuesday, May 10th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $369.82.
About Home Depot (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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