Miles Capital Inc. bought a new position in shares of Home Depot Inc (NYSE:HD) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 1,180 shares of the home improvement retailer’s stock, valued at approximately $245,000.
A number of other institutional investors and hedge funds have also made changes to their positions in HD. Oregon Public Employees Retirement Fund grew its holdings in Home Depot by 8,331.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock worth $125,000 after acquiring an additional 21,212,570 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in Home Depot by 21,191.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock worth $353,410,000 after acquiring an additional 3,517,498 shares in the last quarter. AMF Pensionsforsakring AB acquired a new position in Home Depot during the 2nd quarter worth approximately $197,884,000. Boston Partners acquired a new position in Home Depot during the 4th quarter worth approximately $147,976,000. Finally, Pictet Asset Management Ltd. grew its holdings in Home Depot by 84.7% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,058,568 shares of the home improvement retailer’s stock worth $220,150,000 after acquiring an additional 485,416 shares in the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on HD shares. Robert W. Baird boosted their price target on shares of Home Depot from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Credit Suisse Group set a $213.00 target price on shares of Home Depot and gave the company a “neutral” rating in a report on Tuesday, August 20th. Wells Fargo & Co restated an “outperform” rating and issued a $235.00 target price (up previously from $230.00) on shares of Home Depot in a report on Wednesday, August 21st. SunTrust Banks restated a “hold” rating and issued a $208.00 target price on shares of Home Depot in a report on Wednesday, August 21st. Finally, KeyCorp restated a “hold” rating on shares of Home Depot in a report on Wednesday, August 21st. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $221.39.
NYSE:HD traded down $0.19 during trading hours on Friday, reaching $233.61. 1,747,282 shares of the company’s stock were exchanged, compared to its average volume of 4,578,911. The firm has a market capitalization of $255.17 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 2.16 and a beta of 1.05. The company has a 50-day moving average of $217.12 and a 200 day moving average of $203.15. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $235.49.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. The firm had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. Home Depot’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.05 EPS. Equities research analysts forecast that Home Depot Inc will post 10.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, September 4th. Home Depot’s dividend payout ratio is currently 55.01%.
In related news, EVP Edward P. Decker sold 22,908 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the sale, the executive vice president now owns 87,343 shares in the company, valued at approximately $19,839,962.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Carol B. Tome sold 145,400 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the sale, the chief financial officer now owns 496,374 shares of the company’s stock, valued at approximately $108,725,760.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 177,508 shares of company stock valued at $39,076,428. 0.27% of the stock is owned by company insiders.
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.
See Also: What is the NASDAQ Stock Market?
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.