Home Depot, Inc. (The) (HD) Holdings Cut by MAI Capital Management

MAI Capital Management decreased its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,542 shares of the home improvement retailer’s stock after selling 2,077 shares during the quarter. MAI Capital Management’s holdings in Home Depot were worth $12,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp increased its holdings in shares of Home Depot by 0.7% in the 1st quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after acquiring an additional 396,271 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Home Depot by 1.8% in the 1st quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock valued at $1,158,533,000 after acquiring an additional 140,221 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of 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 valued at $930,903,000 after acquiring an additional 761,586 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Home Depot by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 5,897,791 shares of the home improvement retailer’s stock valued at $904,709,000 after acquiring an additional 247,475 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Home Depot by 1.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,839,272 shares of the home improvement retailer’s stock valued at $895,745,000 after acquiring an additional 107,466 shares during the last quarter. Institutional investors own 70.37% of the company’s stock.

A number of research analysts recently issued reports on the company. BTIG Research restated a “buy” rating and set a $175.00 price target on shares of Home Depot in a research note on Tuesday, August 15th. Credit Suisse Group set a $171.00 price target on Home Depot and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Robert W. Baird set a $175.00 price target on Home Depot and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Oppenheimer set a $178.00 price target on Home Depot and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, Longbow Research reaffirmed a “buy” rating and set a $175.00 price objective on shares of Home Depot in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $177.22.

In related news, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was 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 owns 62,483 shares in the company, valued at $9,816,079.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Home Depot, Inc. (HD) opened at $184.90 on Tuesday. 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, Inc. has a one year low of $128.68 and a one year high of $186.31. The company has a market capitalization of $215,920.00, a PE ratio of 25.06, a P/E/G ratio of 1.83 and a beta of 1.11.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. analysts forecast that Home Depot, Inc. will post 7.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is 49.38%.

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Home Depot Profile

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.

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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