Ashburton Jersey Ltd reduced its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 29.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,431 shares of the home improvement retailer’s stock after selling 10,933 shares during the period. Home Depot makes up 3.6% of Ashburton Jersey Ltd’s portfolio, making the stock its 15th largest holding. Ashburton Jersey Ltd’s holdings in Home Depot were worth $7,800,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Slow Capital Inc. purchased a new position in shares of Home Depot during the 1st quarter worth about $25,000. Kalos Management Inc. purchased a new position in shares of Home Depot during the 1st quarter worth about $26,000. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the 1st quarter worth about $27,000. KB Financial Partners LLC purchased a new position in shares of Home Depot during the 1st quarter worth about $28,000. Finally, Studio Investment Management LLC purchased a new position in shares of Home Depot during the 4th quarter worth about $32,000. 68.34% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, EVP Timothy A. Hourigan sold 12,120 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $325.40, for a total value of $3,943,848.00. Following the sale, the executive vice president now directly owns 73,049 shares of the company’s stock, valued at approximately $23,770,144.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Kimberly R. Scardino sold 1,600 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $326.69, for a total transaction of $522,704.00. Following the sale, the chief accounting officer now directly owns 8,281 shares of the company’s stock, valued at $2,705,319.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 12,120 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $325.40, for a total transaction of $3,943,848.00. Following the sale, the executive vice president now directly owns 73,049 shares in the company, valued at $23,770,144.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,811 shares of company stock valued at $6,441,376. Insiders own 0.19% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Analysis on Home Depot
Home Depot Stock Down 0.6 %
NYSE:HD opened at $326.26 on Wednesday. The company has a market cap of $326.28 billion, a PE ratio of 20.38, a P/E/G ratio of 2.27 and a beta of 0.95. The Home Depot, Inc. has a twelve month low of $265.61 and a twelve month high of $347.25. The company has a current ratio of 1.31, a quick ratio of 0.35 and a debt-to-equity ratio of 30.53. The company’s 50 day moving average is $324.69 and its two-hundred day moving average is $304.73.
Home Depot (NYSE:HD – Get Free Report) last released its earnings results on Tuesday, August 15th. The home improvement retailer reported $4.65 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.20. The company had revenue of $42.92 billion for the quarter, compared to the consensus estimate of $42.19 billion. Home Depot had a net margin of 10.48% and a return on equity of 1,424.89%. Home Depot’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.05 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.24 EPS for the current year.
Home Depot announced that its Board of Directors has initiated a share buyback program on Tuesday, August 15th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Home Depot Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be given a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a yield of 2.56%. The ex-dividend date is Wednesday, August 30th. Home Depot’s dividend payout ratio is presently 52.22%.
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.
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