Winslow Evans & Crocker Inc. lowered its position in Home Depot Inc (NYSE:HD) by 13.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 28,830 shares of the home improvement retailer’s stock after selling 4,512 shares during the quarter. Home Depot comprises 1.6% of Winslow Evans & Crocker Inc.’s investment portfolio, making the stock its 9th largest holding. Winslow Evans & Crocker Inc.’s holdings in Home Depot were worth $4,715,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jacobi Capital Management LLC grew its holdings 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 buying an additional 101 shares in the last quarter. Glassman Wealth Services grew its holdings in Home Depot by 38.3% during the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC grew its holdings in Home Depot by 81.8% during 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 buying an additional 495 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in Home Depot by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its holdings in Home Depot by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock valued at $184,000 after buying an additional 900 shares in the last quarter. 70.14% of the stock is owned by institutional investors.
Home Depot Inc (NYSE HD) traded up $1.74 during trading hours on Friday, reaching $196.42. The company had a trading volume of 6,748,104 shares, compared to its average volume of 4,960,000. The company has a market cap of $229,370.00, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. Home Depot Inc has a one year low of $133.94 and a one year high of $199.42. 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 released its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the previous year, the company posted $1.60 EPS. Home Depot’s quarterly revenue was up 8.1% compared to the same quarter last year. research analysts anticipate that Home Depot Inc will post 7.37 EPS for the current fiscal year.
Home Depot announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 1.81%. Home Depot’s payout ratio is currently 49.38%.
In other Home Depot 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 owns 29,559 shares in the company, valued at $5,410,183.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.
Several research analysts have recently commented on HD shares. Deutsche Bank boosted their price objective on Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Argus boosted their price objective on Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Robert W. Baird set a $175.00 price objective on Home Depot and gave the stock a “buy” rating in a report on Friday, October 13th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Atlantic Securities raised Home Depot from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $174.16 to $174.95 in a report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $183.28.
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Home Depot Company 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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