Blair William & Co. IL cut its holdings in shares of Home Depot Inc (NYSE:HD) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 576,469 shares of the home improvement retailer’s stock after selling 6,240 shares during the quarter. Blair William & Co. IL’s holdings in Home Depot were worth $107,632,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP purchased a new position in Home Depot during the first quarter worth about $27,000. Lion Street Advisors LLC purchased a new position in Home Depot during the first quarter worth about $28,000. Litman Gregory Asset Management LLC lifted its position in Home Depot by 2,042.9% during the fourth quarter. Litman Gregory Asset Management LLC now owns 150 shares of the home improvement retailer’s stock worth $33,000 after buying an additional 143 shares during the period. Evolution Wealth Advisors LLC lifted its position in Home Depot by 85.9% during the fourth quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 73 shares during the period. Finally, John W. Brooker & Co. CPAs acquired a new stake in Home Depot during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 69.75% of the company’s stock.
HD traded up $1.00 on Friday, reaching $241.88. The company’s stock had a trading volume of 3,041,253 shares, compared to its average volume of 5,876,560. The stock has a market cap of $258.73 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. Home Depot Inc has a 1 year low of $140.63 and a 1 year high of $248.32. The business’s 50 day moving average is $213.77 and its 200 day moving average is $219.47.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.19). The business had revenue of $28.26 billion during the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 EPS. Research analysts anticipate that Home Depot Inc will post 9.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Wednesday, June 3rd. Home Depot’s dividend payout ratio is presently 58.54%.
In other Home Depot news, EVP William G. Lennie sold 9,848 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $234.34, for a total transaction of $2,307,780.32. Following the transaction, the executive vice president now owns 37,995 shares of the company’s stock, valued at approximately $8,903,748.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William G. Lennie sold 17,993 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total value of $4,246,707.86. Following the transaction, the executive vice president now directly owns 54,405 shares in the company, valued at approximately $12,840,668.10. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating and set a $231.00 price target for the company in a research note on Thursday, April 30th. Barclays restated a “buy” rating and set a $260.00 price target (up from $235.00) on shares of Home Depot in a research note on Wednesday. Morgan Stanley upped their price target on Home Depot from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America upped their price target on Home Depot from $238.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Nomura Instinet upped their price target on Home Depot from $240.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $251.03.
About Home Depot
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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