Benin Management CORP trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 13.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,404 shares of the home improvement retailer’s stock after selling 214 shares during the quarter. Benin Management CORP’s holdings in Home Depot were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the 1st quarter valued at approximately $27,000. Align Wealth Management LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $30,000. Glassy Mountain Advisors Inc. acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $30,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $32,000. Finally, EWG Elevate Inc. acquired a new stake in shares of Home Depot in the fourth quarter valued at about $36,000. 69.91% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Guggenheim reduced their price objective on shares of Home Depot from $335.00 to $320.00 in a research note on Wednesday, May 17th. Truist Financial reduced their price target on shares of Home Depot from $352.00 to $318.00 in a report on Wednesday, May 17th. Morgan Stanley decreased their price objective on Home Depot from $340.00 to $320.00 in a research note on Wednesday, May 17th. Robert W. Baird lifted their target price on shares of Home Depot from $310.00 to $330.00 in a research note on Tuesday, June 13th. Finally, Credit Suisse Group lowered their price target on Home Depot from $320.00 to $310.00 in a report on Wednesday, May 17th. Twelve investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $323.43.
Insider Transactions at Home Depot
Home Depot Stock Up 1.1 %
Shares of NYSE HD opened at $313.66 on Wednesday. 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 firm has a market capitalization of $315.35 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.97 and a beta of 0.94. The firm’s 50-day moving average is $297.53 and its 200-day moving average is $302.26.
Home Depot (NYSE:HD – Get Free Report) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $37.26 billion during the quarter, compared to the consensus estimate of $38.35 billion. During the same quarter in the prior year, the firm earned $4.09 earnings per share. The business’s quarterly revenue was down 4.2% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 14.97 EPS for the current year.
Home Depot Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a $2.09 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 annualized dividend and a dividend yield of 2.67%. Home Depot’s dividend payout ratio (DPR) is currently 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.
Featured Stories
- Five stocks we like better than Home Depot
- How to Invest for Retirement at Age 60
- Guide to Early Retirement: How to Invest for Early Retirement
- How to Invest in Cryptocurrency for Beginners
- How to Invest for Retirement at Age 50
- How to Analyze a Stock: A Step-by-Step Guide
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD – Free Report).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.
