Korea Investment CORP trimmed its stake in Home Depot Inc (NYSE:HD) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 996,495 shares of the home improvement retailer’s stock after selling 37,100 shares during the period. Home Depot makes up about 0.8% of Korea Investment CORP’s portfolio, making the stock its 21st biggest position. Korea Investment CORP owned about 0.08% of Home Depot worth $162,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of HD. Jacobi Capital Management LLC increased its holdings in shares of Home Depot by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares during the period. Glassman Wealth Services increased its holdings in shares of 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 during the period. St. Johns Investment Management Company LLC increased its holdings in shares of 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 during the period. Mascoma Wealth Management LLC increased its holdings in shares of 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 during the period. Finally, Acrospire Investment Management LLC increased its holdings in shares of 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 during the period. 70.14% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on HD shares. BTIG Research raised their price objective on Home Depot to $215.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Argus raised their price objective on Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Oppenheimer set a $178.00 price target on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, November 14th. SunTrust Banks lifted their price target on Home Depot to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Finally, Telsey Advisory Group boosted their price objective on Home Depot from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $183.28.
In related news, EVP Matt Carey sold 41,396 shares of the stock in a transaction 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 transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.
Shares of Home Depot Inc (NYSE HD) opened at $194.68 on Friday. Home Depot Inc has a 12-month low of $133.94 and a 12-month high of $194.73. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. The firm has a market capitalization of $227,340.00, a price-to-earnings ratio of 27.00, a PEG ratio of 1.96 and a beta of 1.11.
Home Depot (NYSE:HD) last posted its quarterly earnings data 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 business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 earnings per share. research analysts forecast that Home Depot Inc will post 7.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is presently 49.38%.
Home Depot declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 6th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
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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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