Home Depot, Inc. (The) (HD) is Barbara Oil Co.’s 7th Largest Position

Barbara Oil Co. maintained its position in Home Depot, Inc. (The) (NYSE:HD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,500 shares of the home improvement retailer’s stock at the close of the 2nd quarter. Home Depot comprises 3.0% of Barbara Oil Co.’s investment portfolio, making the stock its 7th biggest position. Barbara Oil Co.’s holdings in Home Depot were worth $4,219,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in HD. IFP Advisors Inc boosted its stake in Home Depot by 3.0% during the 2nd quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock worth $11,295,000 after purchasing an additional 2,133 shares during the last quarter. Smithfield Trust Co. boosted its stake in Home Depot by 0.3% during the 2nd quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock worth $1,287,000 after purchasing an additional 25 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its stake in Home Depot by 12.2% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 19,718 shares of the home improvement retailer’s stock worth $3,001,000 after purchasing an additional 2,139 shares during the last quarter. BP PLC boosted its stake in Home Depot by 16.2% during the 2nd quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock worth $27,459,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Home Depot during the 1st quarter worth $99,739,000. 70.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Home Depot, Inc. (NYSE:HD) traded down $2.05 on Thursday, reaching $180.80. 6,892,400 shares of the company traded hands, compared to its average volume of 4,459,042. The stock has a market cap of $213,522.92, a price-to-earnings ratio of 25.40, a P/E/G ratio of 1.85 and a beta of 1.11. Home Depot, Inc. has a 12-month low of $128.75 and a 12-month high of $186.31. 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 (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. Home Depot’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.60 EPS. research analysts anticipate that Home Depot, Inc. will post 7.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.89 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a yield of 1.97%. Home Depot’s dividend payout ratio (DPR) is presently 49.44%.

Home Depot announced that its Board of Directors has initiated a share buyback program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Several research analysts have recently weighed in on HD shares. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Robert W. Baird set a $175.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Sunday, September 10th. Royal Bank Of Canada set a $179.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Monday, October 30th. Credit Suisse Group set a $171.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Bank of America boosted their price target on shares of Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $180.86.

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Home Depot 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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