Pure Financial Advisors Inc. increased its stake in Home Depot Inc (NYSE:HD) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,464 shares of the home improvement retailer’s stock after purchasing an additional 500 shares during the period. Pure Financial Advisors Inc.’s holdings in Home Depot were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Franklin Street Advisors Inc. NC lifted its position in Home Depot by 1.8% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 36,753 shares of the home improvement retailer’s stock valued at $6,966,000 after buying an additional 666 shares during the last quarter. Bath Savings Trust Co lifted its position in shares of Home Depot by 47.6% during the fourth quarter. Bath Savings Trust Co now owns 13,109 shares of the home improvement retailer’s stock worth $2,484,000 after purchasing an additional 4,227 shares in the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Home Depot by 2.4% during the fourth quarter. Chesley Taft & Associates LLC now owns 22,412 shares of the home improvement retailer’s stock worth $4,248,000 after purchasing an additional 531 shares in the last quarter. Abner Herrman & Brock LLC lifted its position in shares of Home Depot by 5.7% during the fourth quarter. Abner Herrman & Brock LLC now owns 75,681 shares of the home improvement retailer’s stock worth $14,344,000 after purchasing an additional 4,097 shares in the last quarter. Finally, Stillwater Investment Management LLC acquired a new stake in shares of Home Depot during the fourth quarter worth about $207,000. Institutional investors own 70.63% of the company’s stock.
In related news, Director Armando M. Codina acquired 6,650 shares of the stock in a transaction dated Friday, March 2nd. The shares were acquired at an average price of $178.66 per share, with a total value of $1,188,089.00. Following the acquisition, the director now owns 42,300 shares in the company, valued at approximately $7,557,318. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig A. Menear sold 113,687 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total value of $20,894,533.73. Following the transaction, the chief executive officer now directly owns 237,957 shares in the company, valued at approximately $43,734,117.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,027 shares of company stock worth $31,220,882. Insiders own 0.26% of the company’s stock.
HD has been the topic of a number of recent research reports. Credit Suisse Group restated a “hold” rating on shares of Home Depot in a research note on Tuesday, December 12th. Deutsche Bank increased their price target on shares of Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. SunTrust Banks raised their target price on shares of Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Citigroup reaffirmed a “buy” rating and set a $213.00 price target on shares of Home Depot in a report on Thursday, December 7th. Finally, Bank of America reaffirmed a “buy” rating and set a $190.60 price target (down from $219.00) on shares of Home Depot in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and a consensus target price of $193.15.
Shares of Home Depot Inc (HD) traded down $0.88 during mid-day trading on Wednesday, reaching $177.47. The company’s stock had a trading volume of 3,166,909 shares, compared to its average volume of 5,359,655. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69. The firm has a market cap of $207,820.00, a price-to-earnings ratio of 23.97, a PEG ratio of 1.38 and a beta of 1.14. Home Depot Inc has a one year low of $144.25 and a one year high of $207.60.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.62 by $0.07. The business had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. Home Depot’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. analysts predict that Home Depot Inc will post 9.44 EPS for the current year.
Home Depot declared that its Board of Directors has initiated a share buyback 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 purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be given a $1.03 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, March 7th. Home Depot’s dividend payout ratio is presently 55.68%.
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About Home Depot
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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