Smith Chas P & Associates PA Cpas increased its stake in shares of Home Depot Inc (NYSE:HD) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,933 shares of the home improvement retailer’s stock after purchasing an additional 1,026 shares during the quarter. Home Depot makes up approximately 2.4% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 24th largest position. Smith Chas P & Associates PA Cpas’ holdings in Home Depot were worth $17,686,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Vantage Investment Advisors LLC lifted its position in shares of Home Depot by 4.7% in the 3rd quarter. Vantage Investment Advisors LLC now owns 40,009 shares of the home improvement retailer’s stock worth $8,259,000 after buying an additional 1,792 shares during the last quarter. Kavar Capital Partners LLC bought a new position in shares of Home Depot in the 3rd quarter worth about $987,000. San Francisco Sentry Investment Group CA lifted its position in shares of Home Depot by 1.4% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 21,565 shares of the home improvement retailer’s stock worth $4,468,000 after buying an additional 295 shares during the last quarter. Cooper Haims Advisors LLC bought a new position in shares of Home Depot in the 3rd quarter worth about $329,000. Finally, Dynasty Wealth Management LLC bought a new stake in Home Depot in the 3rd quarter valued at about $470,000. Institutional investors and hedge funds own 69.34% of the company’s stock.
Several analysts recently weighed in on HD shares. Credit Suisse Group set a $194.00 price objective on shares of Home Depot and gave the company a “hold” rating in a research report on Tuesday, February 26th. Telsey Advisory Group downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $205.00 to $192.00 in a research report on Wednesday, February 27th. Deutsche Bank lifted their price objective on shares of Home Depot from $200.00 to $208.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Wedbush cut their price objective on shares of Home Depot from $190.00 to $190.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 27th. Finally, DZ Bank cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $205.29.
NYSE HD traded up $1.68 during trading hours on Wednesday, reaching $206.42. 2,745,828 shares of the company’s stock were exchanged, compared to its average volume of 4,321,386. The business’s 50-day moving average price is $197.25. Home Depot Inc has a one year low of $158.09 and a one year high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.04 and a quick ratio of 0.26. The firm has a market capitalization of $225.51 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 1.90 and a beta of 1.11.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The business had revenue of $26.38 billion during the quarter, compared to analysts’ expectations of $26.34 billion. During the same period in the prior year, the business earned $2.08 EPS. Home Depot’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts predict that Home Depot Inc will post 10.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a dividend of $1.36 per share. The ex-dividend date was Wednesday, June 5th. This represents a $5.44 annualized dividend and a dividend yield of 2.64%. Home Depot’s dividend payout ratio is currently 55.01%.
Home Depot announced that its board has approved a stock repurchase plan on Tuesday, February 26th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
In other news, EVP Timothy A. Hourigan sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $193.30, for a total transaction of $2,512,900.00. Following the completion of the transaction, the executive vice president now directly owns 64,575 shares of the company’s stock, valued at approximately $12,482,347.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 8,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $194.38, for a total value of $1,652,230.00. Following the completion of the sale, the executive vice president now directly owns 13,357 shares of the company’s stock, valued at approximately $2,596,333.66. The disclosure for this sale can be found here. Insiders have sold a total of 82,522 shares of company stock valued at $16,156,831 over the last ninety days. Company insiders own 0.27% of the company’s stock.
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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