Roanoke Asset Management Corp NY lessened its stake in shares of Home Depot Inc (NYSE:HD) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,341 shares of the home improvement retailer’s stock after selling 3,950 shares during the quarter. Home Depot accounts for 4.3% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its 2nd biggest position. Roanoke Asset Management Corp NY’s holdings in Home Depot were worth $9,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of HD. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Home Depot by 1.7% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 113,632 shares of the home improvement retailer’s stock worth $18,586,000 after acquiring an additional 1,932 shares in the last quarter. Bainco International Investors lifted its stake in shares of Home Depot by 6.9% in the third quarter. Bainco International Investors now owns 74,888 shares of the home improvement retailer’s stock worth $12,249,000 after acquiring an additional 4,845 shares in the last quarter. Bollard Group LLC lifted its stake in shares of Home Depot by 22.6% in the third quarter. Bollard Group LLC now owns 5,481 shares of the home improvement retailer’s stock worth $896,000 after acquiring an additional 1,012 shares in the last quarter. Northern Capital Management LLC lifted its stake in shares of Home Depot by 56.8% in the third quarter. Northern Capital Management LLC now owns 12,758 shares of the home improvement retailer’s stock worth $2,087,000 after acquiring an additional 4,620 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Home Depot by 35.9% in the third quarter. Victory Capital Management Inc. now owns 165,034 shares of the home improvement retailer’s stock worth $26,994,000 after acquiring an additional 43,618 shares in the last quarter. Institutional investors own 70.13% of the company’s stock.
HD has been the topic of several recent analyst reports. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Robert W. Baird set a $175.00 price target on Home Depot and gave the stock a “buy” rating in a research note on Sunday, September 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Home Depot in a research note on Tuesday, September 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $179.00 price target on shares of Home Depot in a research note on Monday, September 18th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $164.00 price target on shares of Home Depot in a research note on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $183.28.
Shares of Home Depot Inc (HD) opened at $192.50 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The firm has a market capitalization of $224,790.00, a PE ratio of 26.70, a P/E/G ratio of 1.92 and a beta of 1.11. Home Depot Inc has a fifty-two week low of $133.05 and a fifty-two week high of $192.54.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. Home Depot’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 earnings per share. equities analysts anticipate that Home Depot Inc will post 7.36 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is presently 49.38%.
Home Depot declared that its board has approved a stock buyback plan on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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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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