Benin Management CORP lowered its position in shares of The Home Depot (NYSE:HD) by 12.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,541 shares of the home improvement retailer’s stock after selling 350 shares during the period. Benin Management CORP’s holdings in The Home Depot were worth $482,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of HD. Janus Henderson Group PLC lifted its stake in shares of The Home Depot by 2,013.2% in the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after purchasing an additional 3,162,631 shares during the period. Capital International Investors raised its stake in The Home Depot by 132.5% during the 3rd quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock worth $534,520,000 after buying an additional 1,862,134 shares during the period. Stifel Financial Corp raised its stake in The Home Depot by 8,118.8% during the 3rd quarter. Stifel Financial Corp now owns 1,174,227 shares of the home improvement retailer’s stock worth $191,976,000 after buying an additional 1,159,940 shares during the period. Westfield Capital Management Co. LP acquired a new position in The Home Depot during the 2nd quarter worth approximately $133,780,000. Finally, Parametric Portfolio Associates LLC raised its stake in The Home Depot by 35.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock worth $500,903,000 after buying an additional 850,074 shares during the period. Institutional investors and hedge funds own 70.69% of the company’s stock.
HD traded down $4.68 on Friday, hitting $174.45. The company had a trading volume of 5,236,946 shares, compared to its average volume of 4,899,489. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.38. The Home Depot has a 52-week low of $144.25 and a 52-week high of $207.60. The firm has a market capitalization of $209,178.89, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.15.
The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The business had revenue of $23.88 billion during the quarter, compared to analyst estimates of $23.65 billion. During the same period last year, the business posted $1.44 earnings per share. The Home Depot’s quarterly revenue was up 7.5% compared to the same quarter last year. analysts expect that The Home Depot will post 9.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were issued a $1.03 dividend. This is a positive change from The Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 7th. The Home Depot’s payout ratio is presently 55.23%.
In other The Home Depot news, EVP Edward P. Decker sold 17,660 shares of The Home Depot stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total value of $3,308,071.20. Following the completion of the sale, the executive vice president now owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Craig A. Menear sold 113,687 shares of The Home Depot stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 169,027 shares of company stock valued at $31,220,882. 0.26% of the stock is owned by company insiders.
A number of brokerages have commented on HD. Morgan Stanley set a $210.00 price objective on The Home Depot and gave the stock a “buy” rating in a report on Wednesday, March 21st. Loop Capital started coverage on The Home Depot in a report on Thursday, March 1st. They issued a “hold” rating and a $187.00 target price for the company. SunTrust Banks upped their target price on The Home Depot to $187.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. Credit Suisse Group set a $222.00 target price on The Home Depot and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, BMO Capital Markets increased their price objective on The Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The Home Depot currently has an average rating of “Buy” and a consensus target price of $194.04.
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The Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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