Autumn Glory Partners LLC Has $1.02 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jul 17th, 2023

Autumn Glory Partners LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 65.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,460 shares of the home improvement retailer’s stock after selling 6,695 shares during the quarter. Autumn Glory Partners LLC’s holdings in Home Depot were worth $1,021,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HD. Slow Capital Inc. bought a new stake in Home Depot in the first quarter worth approximately $25,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $27,000. Glassy Mountain Advisors Inc. bought a new stake in shares of Home Depot in the 4th quarter valued at $30,000. Studio Investment Management LLC acquired a new position in shares of Home Depot during the 4th quarter valued at $32,000. Finally, EWG Elevate Inc. acquired a new position in shares of Home Depot during the 4th quarter valued at $36,000. Institutional investors own 69.91% of the company’s stock.

Home Depot Stock Up 0.6 %

HD opened at $316.50 on Monday. The company’s 50-day moving average price is $299.13 and its two-hundred day moving average price is $302.22. 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 Home Depot, Inc. has a twelve month low of $265.61 and a twelve month high of $347.25. The stock has a market cap of $318.20 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.06 and a beta of 0.94.

Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.02. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The business had revenue of $37.26 billion during the quarter, compared to analyst estimates of $38.35 billion. During the same period in the prior year, the company earned $4.09 earnings per share. Home Depot’s revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts expect that The Home Depot, Inc. will post 14.97 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Wednesday, May 31st. Home Depot’s dividend payout ratio is currently 50.94%.

Insiders Place Their Bets

In other news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value of $440,221.18. Following the sale, the executive vice president now owns 13,958 shares of the company’s stock, valued at $4,090,950.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Home Depot from $340.00 to $330.00 in a research note on Tuesday, May 16th. Guggenheim decreased their target price on Home Depot from $335.00 to $320.00 in a research report on Wednesday, May 17th. Jefferies Financial Group increased their price target on Home Depot from $337.00 to $349.00 in a report on Wednesday, June 14th. Robert W. Baird upped their target price on Home Depot from $310.00 to $330.00 in a research report on Tuesday, June 13th. Finally, Telsey Advisory Group reduced their price target on shares of Home Depot from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, May 17th. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $324.50.

Home Depot Company Profile

(Free Report)

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.