Orca Investment Management LLC lifted its position in shares of Home Depot Inc (NYSE:HD) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,738 shares of the home improvement retailer’s stock after acquiring an additional 65 shares during the quarter. Home Depot makes up 1.7% of Orca Investment Management LLC’s investment portfolio, making the stock its 22nd largest position. Orca Investment Management LLC’s holdings in Home Depot were worth $1,330,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Ironwood Financial llc boosted its holdings in Home Depot by 39.5% in the fourth quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock worth $49,000 after acquiring an additional 81 shares in the last quarter. Avondale Wealth Management raised its stake in shares of Home Depot by 52.4% in the fourth quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 120 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new position in shares of Home Depot in the fourth quarter worth $61,000. Fusion Family Wealth LLC raised its stake in shares of Home Depot by 43.6% in the fourth quarter. Fusion Family Wealth LLC now owns 405 shares of the home improvement retailer’s stock worth $70,000 after purchasing an additional 123 shares during the last quarter. Finally, Horan Securities Inc. raised its stake in shares of Home Depot by 44.0% in the fourth quarter. Horan Securities Inc. now owns 540 shares of the home improvement retailer’s stock worth $97,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 70.93% of the company’s stock.
In related news, EVP Edward P. Decker sold 23,744 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the completion of the transaction, the executive vice president now directly owns 86,813 shares of the company’s stock, valued at $15,880,702.09. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 5,450 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total value of $1,006,451.50. Following the transaction, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,194 shares of company stock valued at $7,553,141. Corporate insiders own 0.27% of the company’s stock.
NYSE:HD traded down $2.54 during mid-day trading on Wednesday, hitting $188.91. 5,472,239 shares of the company traded hands, compared to its average volume of 4,308,302. The firm has a market capitalization of $212.59 billion, a PE ratio of 19.10, a P/E/G ratio of 1.67 and a beta of 1.09. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.11. Home Depot Inc has a one year low of $158.09 and a one year high of $215.43.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.10. The firm had revenue of $26.38 billion during the quarter, compared to analyst estimates of $26.34 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.08 earnings per share. Equities analysts forecast that Home Depot Inc will post 10.08 earnings per share for the current fiscal year.
Home Depot declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 26th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Stifel Nicolaus boosted their price target on Home Depot from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America restated a “neutral” rating and issued a $202.00 price target on shares of Home Depot in a research note on Thursday, April 11th. Morgan Stanley upped their price objective on Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Evercore ISI initiated coverage on Home Depot in a research report on Wednesday, March 20th. They set an “outperform” rating and a $215.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $205.29.
Home Depot Company 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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