Lee Capital Management LP continued to hold its stake in Home Depot, Inc. (The) (NYSE:HD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,500 shares of the home improvement retailer’s stock at the close of the second quarter. Home Depot makes up about 2.5% of Lee Capital Management LP’s holdings, making the stock its 3rd largest position. Lee Capital Management LP’s holdings in Home Depot were worth $2,838,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in HD. American Beacon Advisors Inc. purchased a new position in shares of Home Depot in the 1st quarter valued at about $100,000. Jacobi Capital Management LLC increased its holdings in shares of Home Depot by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares in the last quarter. Glassman Wealth Services increased its holdings in shares of Home Depot by 38.3% in the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC increased its holdings in shares of Home Depot by 81.8% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after purchasing an additional 495 shares in the last quarter. Finally, Mascoma Wealth Management LLC increased its holdings in shares of Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after purchasing an additional 7 shares in the last quarter. Institutional investors and hedge funds own 70.37% of the company’s stock.
HD has been the subject of several recent research reports. BTIG Research raised their target price on shares of Home Depot to $215.00 and gave the company a “buy” rating in a report on Thursday. Argus raised their target price on shares of Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Oppenheimer set a $178.00 target price on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, SunTrust Banks raised their target price on shares of Home Depot to $167.00 and gave the company a “hold” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $182.06.
Home Depot, Inc. (NYSE:HD) traded down $1.42 during trading on Monday, hitting $181.99. 1,910,362 shares of the company’s stock traded hands, compared to its average volume of 4,466,046. Home Depot, Inc. has a one year low of $131.10 and a one year high of $186.31. The firm has a market cap of $214,176.86, a PE ratio of 25.47, a P/E/G ratio of 1.86 and a beta of 1.11. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same period last year, the company earned $1.60 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities research analysts predict that Home Depot, Inc. will post 7.37 earnings per share for the current fiscal year.
Home Depot announced that its board has initiated a stock buyback program on Wednesday, December 6th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.89 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.96%. Home Depot’s dividend payout ratio is currently 49.44%.
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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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