Buckingham Asset Management LLC increased its stake in Home Depot, Inc. (The) (NYSE:HD) by 0.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,909 shares of the home improvement retailer’s stock after acquiring an additional 1 shares during the period. Buckingham Asset Management LLC’s holdings in Home Depot were worth $1,213,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Adell Harriman & Carpenter Inc. raised its position in Home Depot by 8.0% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 52,660 shares of the home improvement retailer’s stock valued at $7,732,000 after purchasing an additional 3,900 shares during the last quarter. ING Groep NV raised its position in Home Depot by 47.0% during the 1st quarter. ING Groep NV now owns 291,115 shares of the home improvement retailer’s stock valued at $42,744,000 after purchasing an additional 93,107 shares during the last quarter. State Treasurer State of Michigan raised its position in Home Depot by 8.7% during the 1st quarter. State Treasurer State of Michigan now owns 1,470,028 shares of the home improvement retailer’s stock valued at $215,844,000 after purchasing an additional 117,400 shares during the last quarter. Grimes & Company Inc. raised its position in Home Depot by 40.3% during the 1st quarter. Grimes & Company Inc. now owns 7,106 shares of the home improvement retailer’s stock valued at $1,043,000 after purchasing an additional 2,041 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its position in Home Depot by 4.3% during the 1st quarter. Eqis Capital Management Inc. now owns 8,609 shares of the home improvement retailer’s stock valued at $1,264,000 after purchasing an additional 355 shares during the last quarter. 71.14% of the stock is owned by institutional investors.
Shares of Home Depot, Inc. (NYSE:HD) opened at $172.33 on Friday. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. The firm has a market capitalization of $201,238.19, a P/E ratio of 23.93, a P/E/G ratio of 1.75 and a beta of 1.08. Home Depot, Inc. has a 52 week low of $128.68 and a 52 week high of $173.10.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 EPS. analysts forecast that Home Depot, Inc. will post 7.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a $0.89 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 2.07%. Home Depot’s payout ratio is currently 49.44%.
A number of research analysts have commented on HD shares. Argus upped their price target on Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. set a $178.00 price target on Home Depot and gave the company a “buy” rating in a research report on Tuesday, November 14th. Jefferies Group LLC reiterated a “buy” rating and set a $182.00 target price on shares of Home Depot in a report on Thursday, August 10th. Finally, SunTrust Banks, Inc. upped their target price on Home Depot to $167.00 and gave the stock a “hold” rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $175.66.
In related news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the sale, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.
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About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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