44 Wealth Management LLC reduced its position in The Home Depot, Inc. (NYSE: HD – Get a rating) by 5.8% during the 1st quarter, according to its last filing with the Securities and Exchange Commission (SEC). The company held 6,127 shares of the home improvement retailer’s stock after selling 374 shares during the quarter. 44 Wealth Management LLC’s holdings in Home Depot were worth $1,834,000 at the end of the last quarter.
A number of other institutional investors and hedge funds have also recently changed their positions in the stock. Trilogy Capital Inc. increased its stake in Home Depot by 4.0% in the 4th quarter. Trilogy Capital Inc. now owns 732 shares of the home improvement retailer worth $304,000 after acquiring 28 additional shares during the period. Smith Anglin Financial LLC increased its stake in Home Depot by 1.1% in the fourth quarter. Smith Anglin Financial LLC now owns 2,574 shares of the home improvement retailer worth $1,068,000 after acquiring 28 additional shares during the period. Palisades Hudson Asset Management LP increased its holdings in Home Depot by 1.1% in the fourth quarter. Palisades Hudson Asset Management LP now owns 2,518 shares of the home improvement retailer worth $1,045,000 after acquiring 28 additional shares during the period. Klingman & Associates LLC increased its stake in Home Depot by 0.6% in the fourth quarter. Klingman & Associates LLC now owns 4,640 shares of the home improvement retailer worth $1,926,000 after acquiring 29 additional shares during the period. Finally, Lenox Wealth Advisors LLC increased its stake in Home Depot by 2.8% in the 4th quarter. Lenox Wealth Advisors LLC now owns 1,118 shares of the home improvement retailer worth $464,000 after acquiring 30 additional shares during the period. Hedge funds and other institutional investors own 70.61% of the company’s shares.
Separately, Executive Vice President Hector A. Padilla sold 136 shares of the company in a transaction that took place on Thursday, May 19. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares of the company, valued at $3,248,052.90. The transaction was disclosed in a legal filing with the SEC, available at this link. Also, VPE Anne Marie Campbell sold 11,293 shares of the company in a transaction that took place on Tuesday, May 24. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the sale, the executive vice president now directly owns 51,175 shares of the company, valued at $14,739,935.25. Disclosure of this sale can be found here. Insiders hold 0.17% of the company’s shares.
Shares of HD Stock opened at $274.27 on Friday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The company’s 50-day moving average is $291.96 and its 200-day moving average is $328.94. The company has a market capitalization of $281.88 billion, a price-earnings ratio of 17.41, a PEG ratio of 1.70 and a beta of 0.97. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt ratio of 35.47.
Home deposit (NYSE: HD – Get a rating) last released its quarterly results on Tuesday, May 17. The home improvement retailer reported earnings per share of $4.09 for the quarter, beating analysts’ consensus estimate of $3.67 by $0.42. The company posted revenue of $38.91 billion in the quarter, versus a consensus estimate of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. Home Depot’s revenue for the quarter increased 3.8% from the same quarter last year. In the same period a year earlier, the company posted earnings per share of $3.86. On average, stock research analysts expect The Home Depot, Inc. to post earnings per share of 16.47 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16. Investors of record on Thursday, June 2 received a dividend of $1.90 per share. This represents a dividend of $7.60 on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Wednesday, June 1. The Home Depot’s dividend payout ratio (DPR) is 48.25%.
HD has been the subject of several research reports. Jefferies Financial Group lowered its price target on Home Depot stock from $420.00 to $400.00 and set a “buy” rating on the stock in a Wednesday, May 18 report. MKM Partners launched a hedge on Home Depot shares in a Thursday, June 23 report. They set a “neutral” rating and a price target of $285.00 on the stock. StockNews.com downgraded Home Depot shares from a “buy” rating to a “hold” rating in a report on Friday, May 27. Guggenheim lowered its price target on Home Depot stock from $400.00 to $350.00 and set a “na” rating on the stock in a Wednesday, May 18 report. Finally, Raymond James dropped its price target on Home Depot stock from $350.00 to $340.00 and set an “outperform” rating on the stock in a Wednesday, May 18 report. Five investment analysts gave the stock a hold rating and sixteen gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.82.
Home Depot Company Profile (Get a rating)
The Home Depot, Inc. operates as a home improvement retailer. It operates Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products, and decorating products, as well as facility maintenance, repair and operation products. countertops, furnaces and central air conditioning systems, and windows.
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