Legacy Bridge LLC grew its holdings in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,343 shares of the home improvement retailer’s stock after purchasing an additional 130 shares during the period. Home Depot makes up approximately 1.1% of Legacy Bridge LLC’s investment portfolio, making the stock its 20th largest holding. Legacy Bridge LLC’s holdings in Home Depot were worth $1,577,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of HD. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the first quarter valued at $27,000. Glassy Mountain Advisors Inc. bought a new stake in Home Depot in the fourth quarter worth about $30,000. Studio Investment Management LLC acquired a new stake in Home Depot in the 4th quarter valued at about $32,000. Align Wealth Management LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $30,000. Finally, EWG Elevate Inc. bought a new stake in shares of Home Depot in the 4th quarter worth approximately $36,000. 69.91% of the stock is currently owned by institutional investors.
Home Depot Price Performance
NYSE HD opened at $302.81 on Monday. The company has a market cap of $304.44 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.97 and a beta of 0.94. The Home Depot, Inc. has a 1 year low of $265.61 and a 1 year high of $347.25. The company has a current ratio of 1.27, a quick ratio of 0.28 and a debt-to-equity ratio of 113.02. The company has a fifty day simple moving average of $296.89 and a 200 day simple moving average of $302.34.
Home Depot Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a $2.09 dividend. The ex-dividend date was Wednesday, May 31st. This represents a $8.36 annualized dividend and a dividend yield of 2.76%. Home Depot’s dividend payout ratio is 50.94%.
Insider Transactions at Home Depot
In related news, EVP Hector A. Padilla sold 1,502 shares of the company’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 completion of the transaction, the executive vice president now directly owns 13,958 shares in the company, valued at approximately $4,090,950.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several research firms have issued reports on HD. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 3rd. Credit Suisse Group dropped their target price on shares of Home Depot from $320.00 to $310.00 in a research report on Wednesday, May 17th. Wedbush reduced their price target on shares of Home Depot from $300.00 to $290.00 in a research report on Wednesday, May 17th. Guggenheim lowered their price objective on shares of Home Depot from $335.00 to $320.00 in a research report on Wednesday, May 17th. Finally, Sanford C. Bernstein reduced their target price on Home Depot from $333.00 to $314.00 in a report on Wednesday, May 17th. Eleven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $323.43.
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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