Householder Group Estate & Retirement Specialist LLC acquired a new position in The Home Depot, Inc. (NYSE:HD – Get Rating) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,999 shares of the home improvement retailer’s stock, valued at approximately $590,000.
Other hedge funds also recently made changes to their positions in the company. Cottage Street Advisors LLC grew its stake in shares of Home Depot by 26,657.7% in the 4th quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock worth $659,000 after purchasing an additional 3,567,063 shares during the last quarter. Sigma Planning Corp increased its position in shares of Home Depot by 1.6% in the fourth quarter. Sigma Planning Corp now owns 43,430 shares of the home improvement retailer’s stock worth $13,718,000 after acquiring an additional 672 shares in the last quarter. Howard Financial Services LTD. increased its position in shares of Home Depot by 7.2% in the first quarter. Howard Financial Services LTD. now owns 727 shares of the home improvement retailer’s stock worth $215,000 after acquiring an additional 49 shares in the last quarter. Legacy Bridge LLC increased its position in shares of Home Depot by 1.8% in the fourth quarter. Legacy Bridge LLC now owns 5,213 shares of the home improvement retailer’s stock worth $1,647,000 after acquiring an additional 90 shares in the last quarter. Finally, Centurion Wealth Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth approximately $411,000. Institutional investors and hedge funds own 69.91% of the company’s stock.
Analyst Upgrades and Downgrades
HD has been the topic of several analyst reports. Sanford C. Bernstein dropped their target price on shares of Home Depot from $333.00 to $314.00 in a research report on Wednesday, May 17th. Telsey Advisory Group dropped their target price on shares of Home Depot from $340.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 17th. TheStreet downgraded shares of Home Depot from a “b” rating to a “c+” rating in a research report on Tuesday, May 16th. 92 Resources reaffirmed a “maintains” rating on shares of Home Depot in a research report on Wednesday, May 17th. Finally, Robert W. Baird boosted their price objective on shares of Home Depot from $310.00 to $330.00 in a research report on Tuesday, June 13th. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.43.
Home Depot Price Performance
Home Depot (NYSE:HD – Get Rating) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.02. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The business had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. During the same quarter in the previous year, the firm posted $4.09 earnings per share. Home Depot’s revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts expect that The Home Depot, Inc. will post 14.97 earnings per share for the current year.
Home Depot Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is currently 50.94%.
Insider Buying and Selling
In related news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total transaction of $440,221.18. Following the transaction, the executive vice president now owns 13,958 shares of the company’s stock, valued at $4,090,950.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by insiders.
Home Depot Profile
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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