Oakbrook Investments LLC increased its position in shares of Home Depot Inc (NYSE:HD) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,341 shares of the home improvement retailer’s stock after buying an additional 2,540 shares during the quarter. Home Depot accounts for 0.9% of Oakbrook Investments LLC’s portfolio, making the stock its 29th biggest holding. Oakbrook Investments LLC’s holdings in Home Depot were worth $13,521,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in HD. Jackson Grant Investment Advisers Inc. lifted its stake in Home Depot by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock worth $253,000 after purchasing an additional 7 shares during the period. Mcdaniel Terry & Co. lifted its stake in Home Depot by 0.5% during the second quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock worth $257,000 after purchasing an additional 9 shares during the period. Cutter & CO Brokerage Inc. lifted its stake in Home Depot by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,782 shares of the home improvement retailer’s stock worth $580,000 after purchasing an additional 10 shares during the period. Fort Pitt Capital Group LLC lifted its stake in Home Depot by 0.3% during the second quarter. Fort Pitt Capital Group LLC now owns 3,444 shares of the home improvement retailer’s stock worth $528,000 after purchasing an additional 10 shares during the period. Finally, Highland Private Wealth Management lifted its stake in Home Depot by 1.7% during the second quarter. Highland Private Wealth Management now owns 1,635 shares of the home improvement retailer’s stock worth $251,000 after purchasing an additional 28 shares during the period. 70.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Home Depot Inc (NYSE:HD) opened at $178.07 on Friday. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69. The firm has a market cap of $207,170.36, a P/E ratio of 24.46, a P/E/G ratio of 1.42 and a beta of 1.14. Home Depot Inc has a fifty-two week low of $144.25 and a fifty-two week high of $207.60.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm had revenue of $23.88 billion during the quarter, compared to analyst estimates of $23.65 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. research analysts expect that Home Depot Inc will post 9.43 EPS for the current year.
Home Depot announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, March 7th. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s payout ratio is currently 56.59%.
In other Home Depot news, CEO Craig A. Menear sold 113,687 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the sale, the chief executive officer now directly owns 237,957 shares of the company’s stock, valued at approximately $43,734,117.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Marie Campbell sold 37,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $186.26, for a total transaction of $7,018,276.80. Following the sale, the executive vice president now directly owns 53,459 shares in the company, valued at $9,957,273.34. The disclosure for this sale can be found here. Insiders sold a total of 169,027 shares of company stock valued at $31,220,882 in the last three months. 0.26% of the stock is owned by company insiders.
HD has been the subject of a number of analyst reports. Moffett Nathanson initiated coverage on shares of Home Depot in a research note on Monday, December 4th. They set a “buy” rating for the company. Deutsche Bank raised their price target on shares of Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Oppenheimer restated a “buy” rating on shares of Home Depot in a research note on Thursday, December 7th. BTIG Research raised their price target on shares of Home Depot to $215.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Finally, Citigroup restated a “buy” rating and set a $213.00 price target on shares of Home Depot in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Home Depot currently has a consensus rating of “Buy” and an average price target of $193.15.
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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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