Geneva Advisors LLC lessened its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 458,007 shares of the home improvement retailer’s stock after selling 1,813 shares during the period. Home Depot comprises approximately 1.2% of Geneva Advisors LLC’s holdings, making the stock its 26th largest holding. Geneva Advisors LLC’s holdings in Home Depot were worth $70,258,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in HD. Boston Partners purchased a new stake in shares of Home Depot in the 1st quarter worth $326,895,000. Harbour Capital Advisors LLC increased its stake in shares of Home Depot by 15,121.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after purchasing an additional 1,852,784 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Home Depot by 43.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after buying an additional 1,734,963 shares during the period. Jennison Associates LLC boosted its holdings in Home Depot by 14.4% in the 2nd quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after buying an additional 761,586 shares during the period. Finally, Karp Capital Management Corp bought a new position in Home Depot in the 1st quarter worth $99,739,000. Institutional investors own 70.37% of the company’s stock.
In other news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the transaction, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.
Several research analysts recently weighed in on HD shares. Argus upped their target price on shares of Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Oppenheimer set a $178.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. Jefferies Group reaffirmed a “buy” rating and issued a $182.00 price target on shares of Home Depot in a report on Thursday, August 10th. Finally, SunTrust Banks increased their price target on shares of Home Depot to $167.00 and gave the company a “hold” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $177.22.
Home Depot, Inc. (NYSE:HD) traded down $2.05 on Tuesday, reaching $182.85. 6,347,030 shares of the company’s stock were exchanged, compared to its average volume of 4,448,637. The stock has a market capitalization of $210,685.28, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. Home Depot, Inc. has a one year low of $128.68 and a one year high of $186.31. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. Home Depot’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.60 earnings per share. analysts predict that Home Depot, Inc. will post 7.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.95%. Home Depot’s dividend payout ratio is currently 49.44%.
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About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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