Wedge Capital Management L L P NC increased its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 130.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,894 shares of the home improvement retailer’s stock after acquiring an additional 1,073 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Home Depot were worth $567,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of HD. EagleClaw Capital Managment LLC increased its stake in Home Depot by 5.3% in the third quarter. EagleClaw Capital Managment LLC now owns 40,517 shares of the home improvement retailer’s stock valued at $13,301,000 after purchasing an additional 2,023 shares during the period. Willis Investment Counsel increased its stake in Home Depot by 5.8% in the third quarter. Willis Investment Counsel now owns 93,979 shares of the home improvement retailer’s stock valued at $30,850,000 after purchasing an additional 5,151 shares during the period. Garde Capital Inc. boosted its holdings in shares of Home Depot by 5.7% in the third quarter. Garde Capital Inc. now owns 1,676 shares of the home improvement retailer’s stock valued at $550,000 after acquiring an additional 90 shares in the last quarter. Gyon Technologies Capital Management LP purchased a new stake in shares of Home Depot in the third quarter valued at about $511,000. Finally, Liontrust Investment Partners LLP purchased a new stake in shares of Home Depot in the third quarter valued at about $624,000. Institutional investors own 70.61% of the company’s stock.
In related news, Director Becker Caryn Seidman purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average price of $287.73 per share, with a total value of $431,595.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $431,595. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
HD has been the topic of several analyst reports. Piper Sandler lifted their target price on shares of Home Depot from $310.00 to $321.00 and gave the company a “neutral” rating in a report on Wednesday, May 18th. OTR Global downgraded shares of Home Depot to a “positive” rating in a report on Tuesday, May 10th. Guggenheim lowered their target price on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Wells Fargo & Company decreased their price objective on shares of Home Depot from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Finally, Jefferies Financial Group decreased their price objective on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $369.82.
NYSE:HD opened at $283.00 on Friday. The firm has a 50 day simple moving average of $294.61 and a 200-day simple moving average of $332.71. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The firm has a market cap of $290.85 billion, a PE ratio of 17.97, a P/E/G ratio of 1.61 and a beta of 0.97. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61.
Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. The business had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.86 earnings per share. As a group, sell-side analysts expect that The Home Depot, Inc. will post 16.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot’s dividend payout ratio (DPR) is 48.25%.
Home Depot Profile (Get Rating)
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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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