Assenagon Asset Management S.A. purchased a new stake in shares of Home Depot Inc (NYSE:HD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 209,849 shares of the home improvement retailer’s stock, valued at approximately $34,323,000.
Other large investors have also bought and sold shares of the company. Jacobi Capital Management LLC boosted its stake in Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares during the period. Glassman Wealth Services raised its holdings in Home Depot by 38.3% in the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after acquiring an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC raised its holdings in Home Depot by 81.8% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after acquiring an additional 495 shares in the last quarter. Mascoma Wealth Management LLC raised its holdings in Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after acquiring an additional 7 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in Home Depot by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock valued at $184,000 after acquiring an additional 900 shares in the last quarter. 70.14% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares in the company, valued at $5,410,183.77. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.
A number of equities analysts have recently issued reports on HD shares. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Royal Bank of Canada reaffirmed a “buy” rating and set a $179.00 price target on shares of Home Depot in a report on Monday, September 18th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $164.00 price target on shares of Home Depot in a report on Sunday, October 1st. Gordon Haskett started coverage on Home Depot in a report on Tuesday, October 3rd. They set a “buy” rating and a $189.00 price target for the company. Finally, Credit Suisse Group set a $171.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $183.28.
Home Depot Inc (NYSE:HD) traded up $2.88 during trading on Thursday, reaching $194.68. The company had a trading volume of 3,899,237 shares, compared to its average volume of 5,030,000. Home Depot Inc has a fifty-two week low of $133.94 and a fifty-two week high of $194.73. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. The company has a market capitalization of $227,340.00, a PE ratio of 27.00, a P/E/G ratio of 1.96 and a beta of 1.11.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. sell-side analysts anticipate that Home Depot Inc will post 7.37 earnings per share for the current year.
Home Depot declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is currently 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.
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