Mastrapasqua Asset Management Inc. decreased its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 2.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 52,184 shares of the home improvement retailer’s stock after selling 1,062 shares during the period. Home Depot comprises about 1.7% of Mastrapasqua Asset Management Inc.’s holdings, making the stock its 15th largest holding. Mastrapasqua Asset Management Inc.’s holdings in Home Depot were worth $8,004,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new stake in shares of Home Depot in the 1st quarter worth approximately $100,000. Riggs Asset Managment Co. Inc. boosted its position in shares of Home Depot by 114.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after purchasing an additional 397 shares in the last quarter. St. Johns Investment Management Company LLC boosted its position in shares of Home Depot by 81.8% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares in the last quarter. Mascoma Wealth Management LLC boosted its position in shares of Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its position in shares of Home Depot by 32.2% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the home improvement retailer’s stock worth $196,000 after purchasing an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.
Home Depot, Inc. (NYSE HD) traded down $2.05 during midday trading on Wednesday, hitting $180.80. The stock had a trading volume of 6,891,094 shares, compared to its average volume of 4,459,036. The company has a market cap of $215,916.78, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. Home Depot, Inc. has a 12-month low of $128.75 and a 12-month high of $186.31.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. analysts expect that Home Depot, Inc. will post 7.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.89 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.97%. Home Depot’s payout ratio is 49.44%.
Home Depot announced that its board has approved a stock repurchase program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
A number of analysts have recently commented on the company. Jefferies Group reissued a “buy” rating and issued a $182.00 price target on shares of Home Depot in a research report on Thursday, August 10th. Stifel Nicolaus reissued a “buy” rating and issued a $178.00 price target on shares of Home Depot in a research report on Wednesday, August 16th. Robert W. Baird reissued an “outperform” rating and issued a $195.00 price target on shares of Home Depot in a research report on Thursday, November 30th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Home Depot in a research report on Friday, August 11th. Finally, Wedbush reaffirmed a “market perform” rating on shares of Home Depot in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $177.22.
In other news, EVP Matt Carey sold 32,000 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by corporate insiders.
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Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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