NuWave Investment Management LLC Takes $203,000 Position in Home Depot Inc (HD)

NuWave Investment Management LLC purchased a new stake in Home Depot Inc (NYSE:HD) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,157 shares of the home improvement retailer’s stock, valued at approximately $203,000.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC raised its holdings in Home Depot by 65.4% during the 4th quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock worth $1,559,421,000 after buying an additional 3,254,382 shares during the period. Capital International Investors raised its holdings in Home Depot by 132.5% during the 3rd quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock worth $534,520,000 after buying an additional 1,862,134 shares during the period. APG Asset Management N.V. raised its holdings in Home Depot by 66.3% during the 4th quarter. APG Asset Management N.V. now owns 3,727,680 shares of the home improvement retailer’s stock worth $588,364,000 after buying an additional 1,485,500 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Home Depot by 46.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,059,019 shares of the home improvement retailer’s stock worth $769,306,000 after buying an additional 1,279,244 shares during the period. Finally, Stifel Financial Corp raised its holdings in Home Depot by 8,118.8% during the 3rd quarter. Stifel Financial Corp now owns 1,174,227 shares of the home improvement retailer’s stock worth $191,976,000 after buying an additional 1,159,940 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

Home Depot opened at $200.54 on Monday, Marketbeat.com reports. Home Depot Inc has a 1-year low of $144.25 and a 1-year high of $207.60. The company has a debt-to-equity ratio of 14.37, a current ratio of 1.17 and a quick ratio of 0.37. The firm has a market capitalization of $231.33 billion, a P/E ratio of 26.88, a PEG ratio of 1.50 and a beta of 1.13.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The business had revenue of $24.95 billion during the quarter, compared to analysts’ expectations of $25.17 billion. During the same period last year, the business earned $1.67 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. sell-side analysts anticipate that Home Depot Inc will post 9.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $4.12 dividend on an annualized basis and a yield of 2.05%. Home Depot’s dividend payout ratio (DPR) is 55.23%.

In related news, Director Stephanie Linnartz acquired 1,000 shares of Home Depot stock in a transaction on Friday, June 1st. The stock was purchased at an average cost of $187.57 per share, with a total value of $187,570.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Holifield sold 45,549 shares of Home Depot stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $186.84, for a total transaction of $8,510,375.16. Following the transaction, the executive vice president now directly owns 51,879 shares of the company’s stock, valued at $9,693,072.36. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Several brokerages have commented on HD. Credit Suisse Group set a $222.00 target price on shares of Home Depot and gave the stock a “buy” rating in a report on Monday, May 14th. Bank of America reiterated a “buy” rating and issued a $215.00 price objective on shares of Home Depot in a report on Tuesday, May 15th. Wells Fargo & Co set a $205.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, May 15th. Deutsche Bank set a $210.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, May 15th. Finally, Loop Capital set a $187.00 price objective on shares of Home Depot and gave the company a “hold” rating in a report on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Home Depot has an average rating of “Buy” and a consensus target price of $195.95.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit