Wedbush Securities Inc. Has $4.43 Million Holdings in Home Depot Inc (HD)

Wedbush Securities Inc. raised its stake in Home Depot Inc (NYSE:HD) by 4.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 27,053 shares of the home improvement retailer’s stock after buying an additional 1,168 shares during the period. Wedbush Securities Inc.’s holdings in Home Depot were worth $4,425,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Csenge Advisory Group purchased a new position in shares of Home Depot during the 3rd quarter worth $1,897,000. Dupont Capital Management Corp grew its holdings in shares of Home Depot by 7.3% during the 3rd quarter. Dupont Capital Management Corp now owns 171,656 shares of the home improvement retailer’s stock worth $28,076,000 after purchasing an additional 11,610 shares during the period. Andra AP fonden grew its holdings in shares of Home Depot by 2.1% during the 3rd quarter. Andra AP fonden now owns 108,500 shares of the home improvement retailer’s stock worth $17,746,000 after purchasing an additional 2,201 shares during the period. Middleton & Co Inc MA grew its holdings in shares of Home Depot by 55.1% during the 3rd quarter. Middleton & Co Inc MA now owns 49,220 shares of the home improvement retailer’s stock worth $8,050,000 after purchasing an additional 17,493 shares during the period. Finally, Concorde Asset Management LLC purchased a new position in shares of Home Depot during the 3rd quarter worth $207,000. Institutional investors own 70.14% of the company’s stock.

Home Depot Inc (HD) opened at $191.80 on Thursday. Home Depot Inc has a 12 month low of $133.94 and a 12 month high of $193.72. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. The stock has a market capitalization of $223,970.00, a PE ratio of 26.60, a P/E/G ratio of 1.96 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, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same quarter in the prior year, the company earned $1.60 EPS. Home Depot’s revenue was up 8.1% on a year-over-year basis. analysts forecast that Home Depot Inc will post 7.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Wednesday, November 29th. Home Depot’s dividend payout ratio is currently 49.38%.

Home Depot announced that its board has initiated a share repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of research firms have recently weighed in on HD. Oppenheimer reiterated a “buy” rating on shares of Home Depot in a report on Tuesday, December 26th. BMO Capital Markets set a $191.00 price target on Home Depot and gave the stock a “buy” rating in a report on Friday, December 15th. Guggenheim began coverage on Home Depot in a report on Wednesday, December 13th. They set a “buy” rating and a $200.00 price target for the company. Credit Suisse Group reiterated a “hold” rating on shares of Home Depot in a report on Tuesday, December 12th. Finally, Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and an average target price of $183.28.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by company insiders.

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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.

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

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