Liberty Capital Management Inc. Buys 323 Shares of Home Depot, Inc. (The) (HD)

Liberty Capital Management Inc. lifted its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,849 shares of the home improvement retailer’s stock after acquiring an additional 323 shares during the quarter. Home Depot accounts for 2.4% of Liberty Capital Management Inc.’s portfolio, making the stock its 6th largest holding. Liberty Capital Management Inc.’s holdings in Home Depot were worth $4,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC lifted its holdings in shares of Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares in the last quarter. Glassman Wealth Services lifted its holdings in shares of Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC lifted its holdings in shares of Home Depot by 81.8% in the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after purchasing an additional 495 shares in the last quarter. Mascoma Wealth Management LLC lifted its holdings in shares of Home Depot by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after purchasing an additional 7 shares in the last quarter. Finally, Acrospire Investment Management LLC lifted its holdings in shares of Home Depot by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock valued at $184,000 after purchasing an additional 900 shares in the last quarter. 70.13% of the stock is owned by institutional investors and hedge funds.

Shares of Home Depot, Inc. (NYSE:HD) opened at $189.78 on Friday. Home Depot, Inc. has a 1-year low of $133.05 and a 1-year high of $191.49. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. The firm has a market capitalization of $222,094.19, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. Home Depot’s quarterly revenue was up 8.1% compared to the same quarter last year. equities research analysts predict that Home Depot, Inc. will post 7.35 EPS for the current fiscal year.

Home Depot declared that its board has authorized a stock repurchase program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is currently 49.44%.

In other news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the transaction, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

A number of research firms have recently issued reports on HD. Telsey Advisory Group increased their target price on Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Robert W. Baird restated an “outperform” rating and issued a $195.00 target price on shares of Home Depot in a report on Thursday, November 30th. SunTrust Banks increased their target price on Home Depot from $167.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Finally, Bank of America increased their target price on Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $183.28.

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About Home Depot

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 (NYSE:HD)

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