Renaissance Group LLC decreased its position in Home Depot Inc (NYSE:HD) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,197 shares of the home improvement retailer’s stock after selling 5,381 shares during the quarter. Home Depot accounts for approximately 1.1% of Renaissance Group LLC’s portfolio, making the stock its 29th largest position. Renaissance Group LLC’s holdings in Home Depot were worth $24,604,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HD. Capital International Investors raised its position in Home Depot by 129.2% in the third quarter. Capital International Investors now owns 7,080,765 shares of the home improvement retailer’s stock valued at $1,466,780,000 after purchasing an additional 3,991,462 shares during the period. Packer & Co Ltd raised its position in Home Depot by 441.9% in the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the home improvement retailer’s stock valued at $39,312,000 after purchasing an additional 1,011,000 shares during the period. Renaissance Technologies LLC raised its position in Home Depot by 282.2% in the third quarter. Renaissance Technologies LLC now owns 1,281,506 shares of the home improvement retailer’s stock valued at $265,464,000 after purchasing an additional 946,206 shares during the period. FMR LLC raised its position in Home Depot by 2.8% in the third quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock valued at $6,175,512,000 after purchasing an additional 813,882 shares during the period. Finally, SG Americas Securities LLC raised its position in Home Depot by 151.6% in the third quarter. SG Americas Securities LLC now owns 147,955 shares of the home improvement retailer’s stock valued at $30,649,000 after purchasing an additional 434,426 shares during the period. 71.01% of the stock is currently owned by institutional investors.
HD has been the topic of a number of research analyst reports. Citigroup cut their target price on Home Depot from $224.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Edward Jones raised Home Depot from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Deutsche Bank upped their price objective on Home Depot from $200.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Royal Bank of Canada cut their price objective on Home Depot from $223.00 to $217.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Credit Suisse Group set a $194.00 price objective on Home Depot and gave the stock a “hold” rating in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Home Depot presently has a consensus rating of “Buy” and a consensus price target of $204.71.
Home Depot stock opened at $194.58 on Friday. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $215.43. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.11. The firm has a market cap of $214.80 billion, a PE ratio of 19.67, a P/E/G ratio of 1.69 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 for the quarter, topping analysts’ consensus estimates 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 business had revenue of $26.49 billion for the quarter, compared to analyst estimates of $26.57 billion. During the same quarter in the prior year, the company earned $1.69 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. Analysts predict that Home Depot Inc will post 10.09 EPS for the current year.
Home Depot declared that its board has approved a stock repurchase plan on Tuesday, February 26th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to buy up to 6.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In related news, EVP Ann Marie Campbell sold 5,450 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total value of $1,006,451.50. Following the transaction, the executive vice president now owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward P. Decker sold 23,744 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total value of $4,343,489.92. Following the completion of the transaction, the executive vice president now directly owns 86,813 shares in the company, valued at approximately $15,880,702.09. The disclosure for this sale can be found here. Insiders sold 41,194 shares of company stock worth $7,553,141 in the last three months. 0.27% of the stock is currently owned by corporate insiders.
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Home Depot 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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