Great Lakes Advisors LLC Has $18.10 Million Holdings in Home Depot, Inc. (The) (HD)

Great Lakes Advisors LLC raised its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,003 shares of the home improvement retailer’s stock after buying an additional 8,387 shares during the quarter. Great Lakes Advisors LLC’s holdings in Home Depot, Inc. (The) were worth $18,102,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HD. Boston Partners acquired a new stake in Home Depot, Inc. (The) during the 1st quarter valued at $326,895,000. Harbour Capital Advisors LLC boosted its holdings in shares of Home Depot, Inc. (The) by 15,121.1% during the second quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after purchasing an additional 1,852,784 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Home Depot, Inc. (The) by 43.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after purchasing an additional 1,734,963 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Home Depot, Inc. (The) by 14.4% during the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after purchasing an additional 761,586 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Home Depot, Inc. (The) during the first quarter worth $99,739,000. Hedge funds and other institutional investors own 71.14% of the company’s stock.

HD has been the topic of several analyst reports. Vetr cut Home Depot, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $164.18 price objective on the stock. in a report on Wednesday, July 26th. Longbow Research restated a “buy” rating and set a $175.00 price objective on shares of Home Depot, Inc. (The) in a report on Monday, August 14th. BTIG Research restated a “buy” rating and set a $175.00 price objective on shares of Home Depot, Inc. (The) in a report on Tuesday, August 15th. Credit Suisse Group set a $171.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Tuesday, August 15th. Finally, Robert W. Baird set a $175.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $175.66.

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In other news, EVP Matt Carey sold 32,000 shares of Home Depot, Inc. (The) stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the sale, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

Shares of Home Depot, Inc. (NYSE:HD) opened at $172.06 on Thursday. Home Depot, Inc. has a 52-week low of $128.68 and a 52-week high of $172.94. The stock has a market capitalization of $201,857.09, a PE ratio of 24.01, a PEG ratio of 1.75 and a beta of 1.08. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot, Inc. (The) had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same period in the previous year, the company earned $1.60 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. research analysts predict that Home Depot, Inc. will post 7.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot, Inc. (The)’s payout ratio is 49.44%.

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

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