Condor Capital Management trimmed its position in shares of Home Depot Inc (NYSE:HD) by 2.1% during the first quarter, HoldingsChannel reports. The firm owned 19,758 shares of the home improvement retailer’s stock after selling 424 shares during the quarter. Condor Capital Management’s holdings in Home Depot were worth $3,522,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Garde Capital Inc. purchased a new stake in shares of Home Depot in the third quarter valued at $248,000. Atlantic Trust LLC lifted its position in shares of Home Depot by 6.9% in the third quarter. Atlantic Trust LLC now owns 21,740 shares of the home improvement retailer’s stock valued at $3,556,000 after acquiring an additional 1,408 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Home Depot by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 875,231 shares of the home improvement retailer’s stock valued at $143,153,000 after acquiring an additional 2,970 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Home Depot in the third quarter valued at $13,966,000. Finally, Shelton Capital Management lifted its position in shares of Home Depot by 4.4% in the third quarter. Shelton Capital Management now owns 11,909 shares of the home improvement retailer’s stock valued at $1,948,000 after acquiring an additional 503 shares in the last quarter. Institutional investors own 69.15% of the company’s stock.
Shares of NYSE:HD opened at $195.10 on Monday. The stock has a market cap of $225.06 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.46 and a beta of 1.13. The company has a quick ratio of 0.37, a current ratio of 1.17 and a debt-to-equity ratio of 14.37. Home Depot Inc has a 12 month low of $144.25 and a 12 month high of $207.60.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.03. The company 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%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. research analysts predict that Home Depot Inc will post 9.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st were paid a dividend of $1.03 per share. The ex-dividend date was Wednesday, May 30th. This represents a $4.12 annualized dividend and a yield of 2.11%. Home Depot’s dividend payout ratio is presently 55.23%.
In related news, Director Stephanie Linnartz bought 1,000 shares of the stock in a transaction dated Friday, June 1st. The stock was acquired at an average price of $187.57 per share, for a total transaction of $187,570.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Holifield sold 45,549 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now 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. Corporate insiders own 0.25% of the company’s stock.
Several brokerages have recently issued reports on HD. UBS Group upped their price objective on Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Deutsche Bank set a $210.00 target price on Home Depot and gave the company a “buy” rating in a research note on Tuesday, May 15th. Loop Capital set a $187.00 target price on Home Depot and gave the company a “hold” rating in a research note on Tuesday, May 15th. Finally, Wells Fargo & Co set a $205.00 target price on Home Depot and gave the company a “buy” rating in a research note on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $197.25.
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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