Sheaff Brock Investment Advisors LLC Has $11.92 Million Position in Home Depot Inc (HD)

Sheaff Brock Investment Advisors LLC lowered its stake in Home Depot Inc (NYSE:HD) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,108 shares of the home improvement retailer’s stock after selling 1,550 shares during the quarter. Home Depot accounts for 1.2% of Sheaff Brock Investment Advisors LLC’s portfolio, making the stock its 6th largest position. Sheaff Brock Investment Advisors LLC’s holdings in Home Depot were worth $11,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Amalgamated Bank boosted its stake in shares of Home Depot by 4.2% during the 2nd quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock worth $35,126,000 after acquiring an additional 7,323 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Home Depot by 3.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock worth $1,143,434,000 after acquiring an additional 230,769 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of Home Depot by 3.3% during the 2nd quarter. Dupont Capital Management Corp now owns 190,998 shares of the home improvement retailer’s stock worth $37,264,000 after acquiring an additional 6,025 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Home Depot by 2.4% during the 4th quarter. California State Teachers Retirement System now owns 2,093,731 shares of the home improvement retailer’s stock worth $396,825,000 after acquiring an additional 49,863 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Home Depot by 3.8% during the 1st quarter. Synovus Financial Corp now owns 220,730 shares of the home improvement retailer’s stock worth $39,357,000 after acquiring an additional 8,102 shares during the last quarter. Institutional investors own 68.96% of the company’s stock.

Shares of NYSE HD opened at $206.84 on Friday. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13. The firm has a market capitalization of $237.36 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.63 and a beta of 1.10. Home Depot Inc has a 52-week low of $160.53 and a 52-week high of $215.43.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. The company had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. Home Depot’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. equities analysts forecast that Home Depot Inc will post 9.58 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were issued a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a yield of 1.99%. Home Depot’s dividend payout ratio is currently 55.23%.

Several brokerages have recently weighed in on HD. Wells Fargo & Co reiterated a “buy” rating and set a $230.00 price target on shares of Home Depot in a research note on Sunday, September 16th. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 price target on the stock. UBS Group lifted their price target on shares of Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, June 20th. Finally, Citigroup raised their price objective on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $205.92.

In other Home Depot news, EVP William G. Lennie sold 10,854 shares of Home Depot stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total value of $2,188,600.56. Following the sale, the executive vice president now directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of Home Depot stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the sale, the executive vice president now owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Home Depot Company 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, 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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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