Monument Capital Management lessened its stake in Home Depot Inc (NYSE:HD) by 33.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,701 shares of the home improvement retailer’s stock after selling 3,402 shares during the quarter. Monument Capital Management’s holdings in Home Depot were worth $1,388,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Amussen Hunsaker Associates LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $107,000. CSat Investment Advisory L.P. acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $112,000. Mainstay Capital Management LLC ADV grew its position in shares of Home Depot by 203.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after buying an additional 400 shares during the period. RPg Family Wealth Advisory LLC grew its position in shares of Home Depot by 84.6% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after buying an additional 275 shares during the period. Finally, Fort L.P. acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $120,000. Hedge funds and other institutional investors own 69.85% of the company’s stock.
Home Depot stock opened at $172.79 on Friday. Home Depot Inc has a fifty-two week low of $167.00 and a fifty-two week high of $215.43. The company has a market cap of $198.75 billion, a P/E ratio of 23.16, a PEG ratio of 1.38 and a beta of 1.26. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business had revenue of $26.30 billion for the quarter, compared to analyst estimates of $26.23 billion. During the same quarter last year, the firm earned $1.84 EPS. Home Depot’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts expect that Home Depot Inc will post 9.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Wednesday, November 28th. Home Depot’s payout ratio is currently 55.23%.
In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of Home Depot stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total value of $21,168,137.34. Following the transaction, the chief executive officer now owns 264,970 shares of the company’s stock, valued at $47,805,887.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 13,457 shares of Home Depot stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the completion of the transaction, the executive vice president now directly owns 56,198 shares in the company, valued at approximately $9,702,022.72. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 13,750 shares of company stock worth $2,401,470. Insiders own 0.25% of the company’s stock.
Several equities research analysts have recently commented on HD shares. Citigroup reiterated a “buy” rating and set a $227.00 price target on shares of Home Depot in a research report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target for the company in a research report on Friday, October 5th. Wells Fargo & Co reiterated a “buy” rating and set a $230.00 price target on shares of Home Depot in a research report on Sunday, September 16th. Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 price objective on the stock. Finally, UBS Group reduced their price objective on shares of Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $206.67.
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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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