Sky Investment Group LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,198 shares of the home improvement retailer’s stock after acquiring an additional 703 during the period. Sky Investment Group LLC’s holdings in Home Depot were worth $6,345,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Gilman Hill Asset Management LLC lifted its stake in shares of Home Depot by 8.0% in the first quarter. Gilman Hill Asset Management LLC now owns 4,240 shares of the home improvement retailer’s stock worth $1,269,000 after buying an additional 314 shares in the last quarter. Kesler Norman & Wride LLC raised its holdings in shares of Home Depot by 3.5% during the first quarter. Kesler Norman & Wride LLC now owns 13,364 shares of the home improvement retailer’s stock valued at $4,000,000 after purchasing an additional 457 shares during the last quarter. Glassman Wealth Services increased its holdings in Home Depot by 5.6% during the first quarter. Glassman Wealth Services now owns 6,471 shares of the home improvement retailer’s stock valued at $1,937,000 after buying an additional 342 shares during the last quarter. Walker Asset Management LLC purchased a new stake in Home Depot during the first quarter valued at approximately $848,000. Finally, Payden & Rygel increased its holdings in Home Depot by 17.5% during the first quarter. Payden & Rygel now owns 69,870 shares of the home improvement retailer’s stock valued at $20,914,000 after buying an additional 10,400 shares during the last quarter. 70.61% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on HD shares. Raymond James reduced their objective price on shares of Home Depot from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. Guggenheim reduced their objective price on shares of Home Depot from $400.00 to $350.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Evercore ISI reduced their price objective on shares of Home Depot to $360.00 in a research note on Thursday, June 9th. DA Davidson reduced their objective price on shares of Home Depot from $354.00 to $330.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Finally, Jefferies Financial Group reduced their objective price on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 18th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $369.82.
In related news, Director Becker Caryn Seidman purchased 1,500 shares of Home Depot stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average price of $287.73 per share, with a total value of $431,595.00. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $431,595. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.
Home Depot stock opened at $283.00 on Friday. The firm has a 50-day moving average price of $294.61 and a 200-day moving average price of $332.16. The firm has a market capitalization of $290.86 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.65 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 Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61.
Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.42. The firm had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $3.86 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 16.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were issued a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 annualized dividend and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.
Home Depot 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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