Viridian Ria LLC Purchases New Holdings in Home Depot Inc (HD)

Viridian Ria LLC purchased a new position in shares of Home Depot Inc (NYSE:HD) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 2,100 shares of the home improvement retailer’s stock, valued at approximately $377,000.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Geode Capital Management LLC increased its stake in shares of Home Depot by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock valued at $2,207,871,000 after acquiring an additional 259,863 shares in the last quarter. Jennison Associates LLC grew its position in Home Depot by 65.4% in the 4th quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock valued at $1,559,421,000 after purchasing an additional 3,254,382 shares during the period. Clearbridge Investments LLC grew its position in Home Depot by 1.4% in the 4th quarter. Clearbridge Investments LLC now owns 8,180,356 shares of the home improvement retailer’s stock valued at $1,550,423,000 after purchasing an additional 115,794 shares during the period. Schwab Charles Investment Management Inc. grew its position in Home Depot by 1.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,184,365 shares of the home improvement retailer’s stock valued at $1,172,123,000 after purchasing an additional 95,146 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its position in Home Depot by 17.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,919,857 shares of the home improvement retailer’s stock valued at $1,121,990,000 after purchasing an additional 899,399 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

HD has been the subject of several research reports. Morgan Stanley set a $210.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Wednesday, March 21st. Wells Fargo & Co initiated coverage on shares of Home Depot in a research report on Monday, April 23rd. They issued an “outperform” rating and a $205.00 price target for the company. Gabelli initiated coverage on shares of Home Depot in a research report on Wednesday, April 11th. They issued a “buy” rating and a $206.00 price target for the company. Credit Suisse Group set a $222.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Monday, May 14th. Finally, Zacks Investment Research downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Tuesday, April 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Home Depot presently has an average rating of “Buy” and an average price target of $197.25.

In related news, Director Stephanie Linnartz acquired 1,000 shares of the company’s stock in a transaction dated Friday, June 1st. The stock was purchased at an average price of $187.57 per share, with a total value of $187,570.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Holifield sold 45,549 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total value of $8,510,375.16. Following the sale, the executive vice president now directly owns 51,879 shares of the company’s stock, valued at approximately $9,693,072.36. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Home Depot opened at $197.41 on Monday, MarketBeat.com reports. The company has a current ratio of 1.17, a quick ratio of 0.37 and a debt-to-equity ratio of 14.37. The company has a market capitalization of $227.72 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.48 and a beta of 1.13. Home Depot Inc has a 1-year low of $144.25 and a 1-year high of $207.60.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.03. The business had revenue of $24.95 billion during the quarter, compared to analyst estimates of $25.17 billion. Home Depot had a return on equity of 399.15% and a net margin of 8.85%. Home Depot’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 earnings per share. sell-side analysts predict that Home Depot Inc will post 9.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, May 30th. Home Depot’s dividend payout ratio is currently 55.23%.

About Home Depot

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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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