Equitable Holdings Inc. Grows Stake in The Home Depot, Inc. (NYSE:HD)

Equitable Holdings Inc. grew its position in The Home Depot, Inc. (NYSE:HD) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,959 shares of the home improvement retailer’s stock after purchasing an additional 451 shares during the period. Equitable Holdings Inc.’s holdings in The Home Depot were worth $4,132,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HD. KB Financial Partners LLC acquired a new stake in shares of The Home Depot during the first quarter worth $29,000. Elmwood Wealth Management Inc. acquired a new position in The Home Depot during the first quarter valued at $41,000. Atlas Capital Advisors LLC lifted its position in The Home Depot by 38.5% during the second quarter. Atlas Capital Advisors LLC now owns 133 shares of the home improvement retailer’s stock valued at $42,000 after purchasing an additional 37 shares during the period. Twin Lakes Capital Management LLC acquired a new position in The Home Depot during the first quarter valued at $61,000. Finally, Lake Point Wealth Management acquired a new position in The Home Depot during the second quarter valued at $69,000. Institutional investors and hedge funds own 68.97% of the company’s stock.

A number of research firms have weighed in on HD. Credit Suisse Group lifted their price objective on shares of The Home Depot from $319.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, May 25th. Jefferies Financial Group cut their target price on shares of The Home Depot from $380.00 to $369.00 and set a “buy” rating for the company in a research note on Wednesday, August 18th. DA Davidson reaffirmed a “neutral” rating on shares of The Home Depot in a research note on Wednesday, August 18th. Raymond James boosted their target price on shares of The Home Depot from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, August 16th. Finally, Zacks Investment Research lowered shares of The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 target price on the stock. in a report on Tuesday, July 20th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Home Depot presently has an average rating of “Buy” and an average target price of $341.25.

Shares of NYSE HD opened at $331.21 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 1.06 and a debt-to-equity ratio of 16.31. The Home Depot, Inc. has a 52 week low of $246.59 and a 52 week high of $345.69. The firm has a 50-day moving average price of $328.22 and a 200 day moving average price of $317.12. The stock has a market capitalization of $349.55 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.00 and a beta of 1.02.

The Home Depot (NYSE:HD) last posted its earnings results on Monday, August 16th. The home improvement retailer reported $4.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.10. The Home Depot had a net margin of 10.55% and a return on equity of 709.19%. The firm had revenue of $41.12 billion during the quarter, compared to the consensus estimate of $40.74 billion. During the same period last year, the firm posted $4.02 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 14.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Thursday, September 2nd were issued a dividend of $1.65 per share. The ex-dividend date of this dividend was Wednesday, September 1st. This represents a $6.60 annualized dividend and a yield of 1.99%. The Home Depot’s dividend payout ratio (DPR) is currently 54.86%.

In other news, CEO Craig A. Menear sold 68,468 shares of the business’s stock in a transaction on Friday, August 20th. The shares were sold at an average price of $325.46, for a total transaction of $22,283,595.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,000 shares of The Home Depot stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $328.65, for a total transaction of $1,643,250.00. Following the completion of the sale, the executive vice president now owns 19,760 shares of the company’s stock, valued at approximately $6,494,124. The disclosure for this sale can be found here. Insiders have sold a total of 74,622 shares of company stock valued at $24,302,611 over the last 90 days. 0.18% of the stock is currently owned by insiders.

The Home Depot Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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

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