V Square Quantitative Management LLC Grows Stake in The Home Depot, Inc. (NYSE:HD)

V Square Quantitative Management LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 34.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,913 shares of the home improvement retailer’s stock after acquiring an additional 4,111 shares during the quarter. Home Depot accounts for 1.0% of V Square Quantitative Management LLC’s portfolio, making the stock its 14th biggest holding. V Square Quantitative Management LLC’s holdings in Home Depot were worth $6,104,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Home Depot during the fourth quarter valued at approximately $4,311,070,000. International Assets Investment Management LLC increased its stake in shares of Home Depot by 12,647.4% in the 4th quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after purchasing an additional 5,525,791 shares in the last quarter. Jennison Associates LLC raised its holdings in Home Depot by 38.4% in the 4th quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after purchasing an additional 1,207,388 shares during the period. Capital Research Global Investors lifted its position in Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after purchasing an additional 992,444 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Home Depot during the third quarter valued at about $207,210,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several recent research reports. Mizuho initiated coverage on Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective on the stock. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Tuesday, May 14th. DA Davidson reaffirmed a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a report on Monday, April 1st. Finally, Bank of America raised their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $377.46.

View Our Latest Stock Report on HD

Home Depot Trading Down 0.5 %

Shares of Home Depot stock traded down $1.61 during trading on Tuesday, hitting $336.21. The stock had a trading volume of 4,274,368 shares, compared to its average volume of 3,385,994. The stock has a market cap of $333.19 billion, a PE ratio of 22.55, a PEG ratio of 2.31 and a beta of 1.01. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The firm’s fifty day simple moving average is $353.45 and its 200-day simple moving average is $347.61. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter in the prior year, the firm posted $3.82 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.3 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Wednesday, May 29th. Home Depot’s payout ratio is presently 60.36%.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Insiders have sold 100,991 shares of company stock valued at $35,915,914 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Home Depot Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

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

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