Wendell David Associates Inc. reduced its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 0.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,743 shares of the home improvement retailer’s stock after selling 45 shares during the quarter. Wendell David Associates Inc.’s holdings in Home Depot were worth $8,483,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Home Depot by 1.1% in the third quarter. Vanguard Group Inc. now owns 94,440,614 shares of the home improvement retailer’s stock worth $26,059,943,000 after purchasing an additional 1,011,858 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Home Depot by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 19,008,019 shares of the home improvement retailer’s stock valued at $5,993,612,000 after purchasing an additional 585,226 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Home Depot by 10.0% during the 4th quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock valued at $5,918,425,000 after purchasing an additional 1,698,402 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Home Depot by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,435,687 shares of the home improvement retailer’s stock valued at $3,899,964,000 after acquiring an additional 607,480 shares during the period. Finally, Norges Bank acquired a new position in shares of Home Depot in the 4th quarter valued at $3,740,875,000. 69.91% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently issued reports on HD. Morgan Stanley cut their target price on Home Depot from $340.00 to $320.00 in a research report on Wednesday, May 17th. Robert W. Baird increased their price target on Home Depot from $310.00 to $330.00 in a research report on Tuesday, June 13th. Guggenheim cut their price target on Home Depot from $335.00 to $320.00 in a research report on Wednesday, May 17th. Sanford C. Bernstein cut their price target on Home Depot from $333.00 to $314.00 in a research report on Wednesday, May 17th. Finally, Wedbush dropped their target price on Home Depot from $300.00 to $290.00 in a research report on Wednesday, May 17th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $323.43.
Insider Transactions at Home Depot
Home Depot Stock Performance
Home Depot stock opened at $310.64 on Monday. The firm has a market capitalization of $312.31 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The Home Depot, Inc. has a one year low of $265.61 and a one year high of $347.25. The stock’s 50 day moving average price is $295.79 and its 200 day moving average price is $302.81. The company has a debt-to-equity ratio of 113.02, a quick ratio of 0.28 and a current ratio of 1.27.
Home Depot (NYSE:HD – Free Report) last released its quarterly earnings results 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 business had revenue of $37.26 billion during the quarter, compared to analyst estimates of $38.35 billion. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the business earned $4.09 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.
Home Depot Dividend Announcement
The company also recently declared 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 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Wednesday, May 31st. Home Depot’s dividend payout ratio is currently 50.94%.
Home Depot Company 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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