Ocean Capital Management LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,980 shares of the home improvement retailer’s stock after selling 135 shares during the quarter. Home Depot accounts for 1.9% of Ocean Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Ocean Capital Management LLC’s holdings in Home Depot were worth $3,831,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in Home Depot in the 4th quarter valued at about $3,740,875,000. Moneta Group Investment Advisors LLC increased its position in shares of Home Depot by 105,205.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after acquiring an additional 10,984,516 shares during the last quarter. Cottage Street Advisors LLC lifted its holdings in Home Depot by 26,657.7% during the fourth quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock worth $659,000 after acquiring an additional 3,567,063 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Home Depot by 37.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,176,774 shares of the home improvement retailer’s stock worth $2,582,715,000 after purchasing an additional 2,247,709 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Home Depot in the 1st quarter valued at $563,524,000. 69.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently commented on HD. Wedbush lowered their target price on Home Depot from $300.00 to $290.00 in a research note on Wednesday, May 17th. Truist Financial lowered their price objective on shares of Home Depot from $352.00 to $318.00 in a research report on Wednesday, May 17th. Morgan Stanley reduced their target price on shares of Home Depot from $340.00 to $320.00 in a research report on Wednesday, May 17th. TheStreet cut shares of Home Depot from a “b” rating to a “c+” rating in a report on Tuesday, May 16th. Finally, Citigroup reduced their price objective on Home Depot from $332.00 to $327.00 in a report on Wednesday, May 10th. Twelve investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $323.43.
Insider Activity at Home Depot
Home Depot Trading Down 0.1 %
NYSE HD opened at $300.81 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.27 and a debt-to-equity ratio of 113.02. The stock’s 50-day simple moving average is $294.65 and its two-hundred day simple moving average is $303.57. The Home Depot, Inc. has a twelve month low of $265.61 and a twelve month high of $347.25. The company has a market capitalization of $302.43 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.93 and a beta of 0.93.
Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $0.02. The company had revenue of $37.26 billion for the quarter, compared to analysts’ expectations of $38.35 billion. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. Home Depot’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $4.09 EPS. Research analysts forecast that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a $2.09 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.78%. Home Depot’s dividend payout ratio (DPR) is 50.94%.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and décor 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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