David Loasby cut its holdings in The Home Depot, Inc. (NYSE:HD) by 8.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,244 shares of the home improvement retailer’s stock after selling 209 shares during the period. David Loasby’s holdings in The Home Depot were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of HD. CI Investments Inc. increased its holdings in shares of The Home Depot by 7.4% during the fourth quarter. CI Investments Inc. now owns 80,119 shares of the home improvement retailer’s stock valued at $21,281,000 after acquiring an additional 5,505 shares in the last quarter. Roffman Miller Associates Inc. PA increased its stake in The Home Depot by 27.9% during the 1st quarter. Roffman Miller Associates Inc. PA now owns 390,451 shares of the home improvement retailer’s stock valued at $46,067,000 after purchasing an additional 85,287 shares in the last quarter. Clearview Wealth Advisors LLC acquired a new position in The Home Depot during the fourth quarter worth $249,000. Canvas Wealth Advisors LLC bought a new position in shares of The Home Depot in the first quarter valued at $1,060,000. Finally, Venture Visionary Partners LLC grew its holdings in shares of The Home Depot by 99.2% during the fourth quarter. Venture Visionary Partners LLC now owns 27,768 shares of the home improvement retailer’s stock valued at $7,375,000 after buying an additional 13,825 shares during the last quarter. 68.71% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on HD shares. Loop Capital raised their price target 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, April 19th. UBS Group lifted their target price on The Home Depot from $305.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, April 20th. Zelman & Associates lowered The Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, April 15th. JPMorgan Chase & Co. raised their price objective on The Home Depot from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, April 26th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of The Home Depot from $288.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $311.87.
The Home Depot (NYSE:HD) last announced its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 EPS for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.02. The company had revenue of $32.26 billion for the quarter, compared to analysts’ expectations of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The Home Depot’s revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 11.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were paid a dividend of $1.65 per share. This is a boost from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Wednesday, March 10th. The Home Depot’s dividend payout ratio is presently 64.39%.
The Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, 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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