Oakbrook Investments LLC raised its stake in The Home Depot (NYSE:HD) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,341 shares of the home improvement retailer’s stock after purchasing an additional 2,540 shares during the period. The Home Depot comprises 0.9% of Oakbrook Investments LLC’s investment portfolio, making the stock its 29th biggest position. Oakbrook Investments LLC’s holdings in The Home Depot were worth $13,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Acadian Asset Management LLC raised its position in shares of The Home Depot by 12.7% during the 4th quarter. Acadian Asset Management LLC now owns 1,411,795 shares of the home improvement retailer’s stock worth $267,581,000 after acquiring an additional 159,228 shares in the last quarter. Berkshire Asset Management LLC PA increased its position in The Home Depot by 10.3% during the fourth quarter. Berkshire Asset Management LLC PA now owns 13,794 shares of the home improvement retailer’s stock worth $2,614,000 after buying an additional 1,290 shares during the period. Charter Trust Co. increased its position in The Home Depot by 23.4% during the fourth quarter. Charter Trust Co. now owns 21,671 shares of the home improvement retailer’s stock worth $4,107,000 after buying an additional 4,104 shares during the period. American Asset Management Inc. acquired a new position in The Home Depot during the fourth quarter worth approximately $479,000. Finally, Schwab Charles Investment Management Inc. increased its position in The Home Depot by 1.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 6,184,365 shares of the home improvement retailer’s stock worth $1,172,123,000 after buying an additional 95,146 shares during the period. 70.69% of the stock is currently owned by institutional investors.
In related news, Director Gregory D. Brenneman bought 16,827 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The stock was bought at an average price of $178.29 per share, with a total value of $3,000,085.83. Following the completion of the transaction, the director now directly owns 46,332 shares of the company’s stock, valued at $8,260,532.28. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Armando M. Codina bought 6,650 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was bought at an average cost of $178.66 per share, with a total value of $1,188,089.00. Following the transaction, the director now directly owns 42,300 shares of the company’s stock, valued at $7,557,318. The disclosure for this purchase can be found here. In the last three months, insiders have sold 169,027 shares of company stock valued at $31,220,882. 0.26% of the stock is owned by company insiders.
The Home Depot stock traded down $4.68 during trading on Friday, hitting $174.45. The company’s stock had a trading volume of 5,233,311 shares, compared to its average volume of 4,899,489. The firm has a market capitalization of $209,178.89, a P/E ratio of 23.38, a PEG ratio of 1.44 and a beta of 1.15. The Home Depot has a 1-year low of $144.25 and a 1-year high of $207.60. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69.
The Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The firm had revenue of $23.88 billion during the quarter, compared to analyst estimates of $23.65 billion. The Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 earnings per share. equities analysts predict that The Home Depot will post 9.43 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Wednesday, March 7th. This is an increase from The Home Depot’s previous quarterly dividend of $0.89. The Home Depot’s payout ratio is 55.23%.
Several research analysts have commented on HD shares. Morgan Stanley set a $185.00 price target on The Home Depot and gave the stock a “buy” rating in a research report on Friday, December 8th. Bank of America reiterated a “buy” rating and issued a $190.60 target price (down from $219.00) on shares of The Home Depot in a research note on Tuesday, February 20th. Zacks Investment Research upgraded The Home Depot from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Tuesday, February 6th. Jefferies Group restated a “buy” rating and issued a $223.00 price target on shares of The Home Depot in a research note on Monday, February 5th. Finally, Stifel Nicolaus lifted their price target on The Home Depot from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target 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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