AMF Pensionsforsakring AB lifted its stake in The Home Depot, Inc. (NYSE:HD) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 779,133 shares of the home improvement retailer’s stock after acquiring an additional 13,591 shares during the period. The Home Depot makes up about 1.8% of AMF Pensionsforsakring AB’s holdings, making the stock its 11th largest holding. AMF Pensionsforsakring AB’s holdings in The Home Depot were worth $237,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Wealth Enhancement & Preservation of GA LLC increased its stake in The Home Depot by 0.7% in the 1st quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,577 shares of the home improvement retailer’s stock worth $1,466,000 after buying an additional 31 shares in the last quarter. Baldwin Brothers Inc. MA lifted its holdings in shares of The Home Depot by 1.7% in the first quarter. Baldwin Brothers Inc. MA now owns 1,892 shares of the home improvement retailer’s stock worth $578,000 after buying an additional 32 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in The Home Depot by 0.7% during the first quarter. CHICAGO TRUST Co NA now owns 4,613 shares of the home improvement retailer’s stock valued at $1,408,000 after acquiring an additional 32 shares in the last quarter. Detalus Advisors LLC raised its holdings in shares of The Home Depot by 2.0% during the 1st quarter. Detalus Advisors LLC now owns 1,749 shares of the home improvement retailer’s stock worth $534,000 after acquiring an additional 34 shares in the last quarter. Finally, Coastal Capital Group Inc. grew its holdings in shares of The Home Depot by 10.3% in the first quarter. Coastal Capital Group Inc. now owns 375 shares of the home improvement retailer’s stock valued at $115,000 after purchasing an additional 35 shares in the last quarter. 68.71% of the stock is owned by institutional investors.
Shares of NYSE HD opened at $330.27 on Tuesday. The business has a 50-day moving average price of $309.92 and a two-hundred day moving average price of $281.73. The Home Depot, Inc. has a one year low of $215.21 and a one year high of $331.62. The firm has a market capitalization of $355.11 billion, a PE ratio of 28.57, a PEG ratio of 2.13 and a beta of 1.03. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39.
The Home Depot (NYSE:HD) last released its quarterly earnings data on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.02. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The company had revenue of $32.26 billion for the quarter, compared to analyst estimates of $27.10 billion. During the same period in the prior year, the company posted $2.28 EPS. The company’s revenue was up 25.1% compared to the same quarter last year. Research analysts anticipate that The Home Depot, Inc. will post 11.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Wednesday, March 10th. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s dividend payout ratio is currently 64.39%.
Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of The Home Depot from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, April 26th. Citigroup assumed coverage on The Home Depot in a report on Monday, March 15th. They issued a “buy” rating and a $288.00 price objective for the company. UBS Group upped their price target on The Home Depot from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, April 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on The Home Depot in a research report on Monday, March 15th. They set a “buy” rating and a $288.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of The Home Depot from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $304.65.
The 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, building materials, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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