Thrivent Financial for Lutherans lessened its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,403 shares of the home improvement retailer’s stock after selling 23,799 shares during the period. Thrivent Financial for Lutherans’ holdings in Home Depot were worth $61,551,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in HD. BCK Partners Inc. bought a new position in shares of Home Depot in the first quarter worth approximately $2,933,000. Fairfield Bush & CO. bought a new position in Home Depot in the 1st quarter valued at approximately $27,000. GW&K Investment Management LLC purchased a new stake in Home Depot during the 1st quarter valued at $25,000. Vaughan David Investments LLC IL increased its holdings in shares of Home Depot by 2.1% in the 1st quarter. Vaughan David Investments LLC IL now owns 108,861 shares of the home improvement retailer’s stock worth $32,585,000 after purchasing an additional 2,238 shares in the last quarter. Finally, Wellington Shields & Co. LLC raised its stake in shares of Home Depot by 21.4% in the first quarter. Wellington Shields & Co. LLC now owns 4,232 shares of the home improvement retailer’s stock worth $1,267,000 after purchasing an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 68.66% of the company’s stock.
Insider Buying and Selling at Home Depot
In related news, Director Paula Santilli bought 1,583 shares of the stock in a transaction dated Wednesday, November 16th. The shares were purchased at an average price of $315.80 per share, with a total value of $499,911.40. Following the completion of the acquisition, the director now owns 1,583 shares of the company’s stock, valued at $499,911.40. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Fahim Siddiqui sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $311.29, for a total value of $622,580.00. Following the sale, the executive vice president now directly owns 3,928 shares in the company, valued at $1,222,747.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paula Santilli purchased 1,583 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were purchased at an average price of $315.80 per share, with a total value of $499,911.40. Following the acquisition, the director now directly owns 1,583 shares in the company, valued at $499,911.40. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.
Analyst Upgrades and Downgrades
Home Depot Stock Up 1.2 %
Shares of HD stock opened at $324.09 on Friday. The company has a debt-to-equity ratio of 32.16, a current ratio of 1.39 and a quick ratio of 0.33. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $417.84. The company’s fifty day moving average price is $299.31 and its 200-day moving average price is $295.11. The company has a market capitalization of $331.78 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.71 and a beta of 0.96.
Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $0.13. The business had revenue of $38.87 billion for the quarter, compared to analysts’ expectations of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $3.92 earnings per share. Sell-side analysts expect that The Home Depot, Inc. will post 16.64 EPS for the current fiscal year.
Home Depot declared that its board has authorized a share repurchase plan on Thursday, August 18th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to purchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
Home Depot Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $1.90 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $7.60 annualized dividend and a yield of 2.35%. Home Depot’s payout ratio is 45.81%.
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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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