Private Capital Group LLC increased its holdings in Home Depot Inc (NYSE:HD) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,579 shares of the home improvement retailer’s stock after buying an additional 228 shares during the period. Private Capital Group LLC’s holdings in Home Depot were worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Home Depot in the 3rd quarter valued at about $1,049,000. Global Retirement Partners LLC raised its holdings in shares of Home Depot by 19.3% during the 3rd quarter. Global Retirement Partners LLC now owns 7,644 shares of the home improvement retailer’s stock valued at $1,583,000 after buying an additional 1,239 shares during the period. Alta Capital Management LLC raised its holdings in shares of Home Depot by 5.2% during the 3rd quarter. Alta Capital Management LLC now owns 152,042 shares of the home improvement retailer’s stock valued at $31,495,000 after buying an additional 7,491 shares during the period. BB&T Corp raised its holdings in shares of Home Depot by 2.3% during the 3rd quarter. BB&T Corp now owns 137,297 shares of the home improvement retailer’s stock valued at $28,441,000 after buying an additional 3,149 shares during the period. Finally, Davis R M Inc. raised its holdings in shares of Home Depot by 13.9% during the 3rd quarter. Davis R M Inc. now owns 69,779 shares of the home improvement retailer’s stock valued at $14,455,000 after buying an additional 8,539 shares during the period. Institutional investors own 70.81% of the company’s stock.
HD stock opened at $203.85 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $215.43. The company has a market cap of $225.03 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.09. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The company had revenue of $26.49 billion for the quarter, compared to the consensus estimate of $26.57 billion. During the same period in the previous year, the business earned $1.69 EPS. Home Depot’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that Home Depot Inc will post 10.08 EPS for the current fiscal year.
Home Depot announced that its board has initiated a stock repurchase program on Tuesday, February 26th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to repurchase up to 6.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $1.03. This represents a $5.44 annualized dividend and a yield of 2.67%. Home Depot’s payout ratio is currently 55.01%.
In other Home Depot news, EVP Edward P. Decker sold 23,744 shares of Home Depot stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the sale, the executive vice president now directly owns 86,813 shares in the company, valued at approximately $15,880,702.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Holifield sold 12,000 shares of Home Depot stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $183.60, for a total value of $2,203,200.00. Following the sale, the executive vice president now owns 39,794 shares in the company, valued at $7,306,178.40. The disclosure for this sale can be found here. Insiders have sold a total of 41,194 shares of company stock worth $7,553,141 over the last 90 days. 0.25% of the stock is owned by company insiders.
Several equities research analysts recently commented on HD shares. Citigroup dropped their target price on Home Depot from $224.00 to $218.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Monday, December 31st. Edward Jones upgraded Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Deutsche Bank raised their target price on Home Depot from $200.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Finally, Credit Suisse Group set a $194.00 target price on Home Depot and gave the company a “hold” rating in a report on Tuesday, February 26th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Home Depot currently has an average rating of “Buy” and an average target price of $203.88.
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About Home Depot
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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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