Villere ST Denis J & Co. LLC purchased a new stake in Home Depot Inc (NYSE:HD) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,750 shares of the home improvement retailer’s stock, valued at approximately $449,000.
Several other institutional investors have also recently modified their holdings of the company. Atlantic Trust LLC increased its position in shares of Home Depot by 12.8% in the second quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock valued at $3,119,000 after acquiring an additional 2,309 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Home Depot by 6.3% in the third quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock valued at $366,731,000 after acquiring an additional 133,300 shares during the last quarter. IFP Advisors Inc increased its position in shares of Home Depot by 3.0% in the second quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock valued at $11,295,000 after acquiring an additional 2,133 shares during the last quarter. Smithfield Trust Co. increased its position in Home Depot by 0.3% during the second quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock worth $1,287,000 after buying an additional 25 shares during the last quarter. Finally, BP PLC increased its position in Home Depot by 16.2% during the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock worth $27,459,000 after buying an additional 25,000 shares during the last quarter. Institutional investors own 70.18% of the company’s stock.
Shares of Home Depot Inc (HD) opened at $196.31 on Wednesday. Home Depot Inc has a 1-year low of $134.60 and a 1-year high of $199.42. The stock has a market capitalization of $229,240.00, a P/E ratio of 27.23, a PEG ratio of 1.82 and a beta of 1.11. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. The company had revenue of $25.03 billion during 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 business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 earnings per share. equities research analysts expect that Home Depot Inc will post 7.39 EPS for the current year.
Home Depot announced that its board has authorized a stock repurchase program on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.
In related news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares in the company, valued at $5,410,183.77. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.
HD has been the topic of a number of recent analyst reports. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $177.00 price target on the stock in a research report on Thursday, September 21st. Robert W. Baird set a $185.00 price target on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Oppenheimer set a $178.00 price target on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Bank of America boosted their price target on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Royal Bank of Canada set a $179.00 price target on Home Depot and gave the stock a “buy” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $183.28.
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Home Depot 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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