Jmac Enterprises LLC boosted its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,308 shares of the home improvement retailer’s stock after acquiring an additional 135 shares during the quarter. Jmac Enterprises LLC’s holdings in Home Depot were worth $1,456,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Corundum Group Inc. lifted its stake in Home Depot by 11.1% in the 2nd quarter. Corundum Group Inc. now owns 4,543 shares of the home improvement retailer’s stock valued at $1,246,000 after acquiring an additional 453 shares in the last quarter. Beacon Financial Advisory LLC boosted its holdings in Home Depot by 6.5% during the second quarter. Beacon Financial Advisory LLC now owns 2,214 shares of the home improvement retailer’s stock worth $607,000 after purchasing an additional 135 shares during the last quarter. McDonald Partners LLC grew its position in Home Depot by 2.3% in the second quarter. McDonald Partners LLC now owns 5,969 shares of the home improvement retailer’s stock valued at $1,637,000 after purchasing an additional 135 shares in the last quarter. DT Investment Partners LLC increased its stake in Home Depot by 6.1% in the 2nd quarter. DT Investment Partners LLC now owns 15,509 shares of the home improvement retailer’s stock valued at $4,254,000 after buying an additional 892 shares during the last quarter. Finally, Legacy Advisors LLC lifted its position in Home Depot by 60.8% during the 2nd quarter. Legacy Advisors LLC now owns 5,871 shares of the home improvement retailer’s stock worth $1,610,000 after buying an additional 2,220 shares in the last quarter. 68.66% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the sale, the executive vice president now owns 6,180 shares of the company’s stock, valued at approximately $1,857,646.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 12,650 shares of Home Depot stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the completion of the transaction, the executive vice president now owns 34,522 shares in the company, valued at approximately $10,917,927.72. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
Home Depot Stock Performance
Shares of NYSE:HD opened at $284.32 on Friday. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The company’s 50 day moving average price is $295.01 and its two-hundred day moving average price is $296.08. The firm has a market cap of $291.07 billion, a PE ratio of 17.48, a PEG ratio of 1.55 and a beta of 0.95. The company has a quick ratio of 0.25, a current ratio of 1.18 and a debt-to-equity ratio of 165.70.
Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.95 by $0.10. The business had revenue of $43.79 billion for the quarter, compared to the consensus estimate of $43.33 billion. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.53 earnings per share. Equities research analysts predict that The Home Depot, Inc. will post 16.64 earnings per share for the current year.
Home Depot declared that its board has approved a share repurchase program on Thursday, August 18th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Home Depot Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $1.90 per share. The ex-dividend date was Wednesday, August 31st. This represents a $7.60 annualized dividend and a yield of 2.67%. Home Depot’s dividend payout ratio is 46.71%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Robert W. Baird raised their price objective on Home Depot from $335.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, August 16th. Morgan Stanley boosted their price target on Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Guggenheim increased their price objective on Home Depot from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. MKM Partners initiated coverage on shares of Home Depot in a report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 target price on the stock. Finally, UBS Group increased their price target on shares of Home Depot from $360.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $365.68.
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 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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