Rainier Group Investment Advisory LLC Raises Position in Home Depot, Inc. (The) (NYSE:HD)

Rainier Group Investment Advisory LLC raised its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 7.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,968 shares of the home improvement retailer’s stock after buying an additional 263 shares during the period. Home Depot, Inc. (The) makes up approximately 0.3% of Rainier Group Investment Advisory LLC’s investment portfolio, making the stock its 18th largest position. Rainier Group Investment Advisory LLC’s holdings in Home Depot, Inc. (The) were worth $583,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Riggs Asset Managment Co. Inc. raised its position in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC raised its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares during the last quarter. Advantage Investment Management LLC purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth approximately $103,000. University of Texas Investment Managment Co. purchased a new position in shares of Home Depot, Inc. (The) during the first quarter worth approximately $132,000. Finally, Thomas J. Herzfeld Advisors Inc. bought a new position in Home Depot, Inc. (The) during the fourth quarter valued at about $131,000. 71.27% of the stock is owned by institutional investors.

Shares of Home Depot, Inc. (NYSE HD) opened at 147.49 on Friday. The firm has a market cap of $174.48 billion, a price-to-earnings ratio of 21.23 and a beta of 1.08. The company has a 50-day moving average price of $151.15 and a 200-day moving average price of $150.06. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last issued 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 return on equity of 192.30% and a net margin of 8.63%. The firm had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same period in the previous year, the firm posted $1.97 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts forecast that Home Depot, Inc. will post $7.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be given a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.41%. Home Depot, Inc. (The)’s dividend payout ratio is currently 51.15%.

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HD has been the subject of several recent analyst reports. BTIG Research increased their price objective on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Vetr upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $165.56 price objective for the company in a research note on Tuesday, June 6th. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a report on Wednesday, July 12th. Jefferies Group LLC increased their target price on Home Depot, Inc. (The) from $167.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Finally, Credit Suisse Group set a $163.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Tuesday, May 2nd. 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 stock. The company currently has a consensus rating of “Buy” and an average target price of $169.81.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the sale, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) Company Profile

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.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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