Cascade Investment Advisors Inc. reduced its position in Home Depot, Inc. (The) (NYSE:HD) by 15.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,125 shares of the home improvement retailer’s stock after selling 200 shares during the period. Cascade Investment Advisors Inc.’s holdings in Home Depot, Inc. (The) were worth $165,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Tyers Asset Management LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $34,768,000. Carbonado Capital raised its stake in shares of Home Depot, Inc. (The) by 90.9% in the fourth quarter. Carbonado Capital now owns 525,000 shares of the home improvement retailer’s stock worth $70,392,000 after buying an additional 250,000 shares during the period. Menta Capital LLC raised its stake in shares of Home Depot, Inc. (The) by 77.3% in the fourth quarter. Menta Capital LLC now owns 36,691 shares of the home improvement retailer’s stock worth $4,920,000 after buying an additional 16,000 shares during the period. Parallel Advisors LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $1,637,000. Finally, Sand Hill Global Advisors LLC raised its stake in shares of Home Depot, Inc. (The) by 35.2% in the fourth quarter. Sand Hill Global Advisors LLC now owns 2,522 shares of the home improvement retailer’s stock worth $338,000 after buying an additional 656 shares during the period. 71.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Home Depot, Inc. (NYSE HD) traded down 1.46% during mid-day trading on Friday, hitting $147.49. 6,989,147 shares of the stock traded hands. The firm has a market capitalization of $174.48 billion, a P/E ratio of 21.23 and a beta of 1.08. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86. The company’s 50 day moving average is $151.15 and its 200 day moving average is $150.06.
Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The business had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. During the same period last year, the firm earned $1.97 earnings per share. Home Depot, Inc. (The)’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts expect that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio is 51.15%.
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A number of brokerages have issued reports on HD. Oppenheimer Holdings, Inc. set a $178.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Tuesday, May 16th. UBS AG restated a “buy” rating and set a $175.00 price target (up previously from $173.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Atlantic Securities downgraded shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price target on the stock. in a report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and set a $178.00 price target (up previously from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $152.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company. Home Depot, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $169.81.
In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total value of $1,633,270.80. Following the transaction, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by company insiders.
About Home Depot, Inc. (The)
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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