Jarislowsky Fraser Ltd Has $25.50 Million Stake in Home Depot Inc (HD)

Jarislowsky Fraser Ltd increased its position in shares of Home Depot Inc (NYSE:HD) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 155,897 shares of the home improvement retailer’s stock after purchasing an additional 1,211 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Home Depot were worth $25,498,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Home Depot by 0.9% in the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after purchasing an additional 703,292 shares during the period. Capital Research Global Investors raised its position in Home Depot by 0.9% in the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock valued at $3,071,943,000 after purchasing an additional 170,139 shares during the period. Northern Trust Corp raised its position in Home Depot by 1.3% in the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock valued at $2,659,010,000 after purchasing an additional 222,958 shares during the period. Alliancebernstein L.P. raised its position in Home Depot by 1.1% in the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock valued at $1,231,485,000 after purchasing an additional 84,750 shares during the period. Finally, Jennison Associates LLC raised its position in Home Depot by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after purchasing an additional 761,586 shares during the period. 70.14% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Inc (NYSE HD) opened at $204.90 on Wednesday. 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 company has a market cap of $239,270.00, a price-to-earnings ratio of 28.42, a P/E/G ratio of 1.89 and a beta of 1.11. Home Depot Inc has a 12 month low of $136.33 and a 12 month high of $206.35.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. analysts expect that Home Depot Inc will post 7.39 EPS for the current year.

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

In related news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

HD has been the topic of a number of research analyst reports. Royal Bank of Canada set a $179.00 target price on Home Depot and gave the company a “buy” rating in a research report on Monday, October 30th. Citigroup boosted their target price on Home Depot from $179.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Credit Suisse Group set a $171.00 target price on Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Bank of America boosted their price target on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, KeyCorp assumed coverage on shares of Home Depot in a research note on Tuesday, November 7th. They issued a “sector weight” rating for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $184.39.

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Home Depot Company 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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