V Wealth Management LLC raised its stake in Home Depot Inc (NYSE:HD) by 32.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,640 shares of the home improvement retailer’s stock after acquiring an additional 2,866 shares during the period. Home Depot makes up about 1.2% of V Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. V Wealth Management LLC’s holdings in Home Depot were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Vanguard Group Inc. increased its stake in shares of Home Depot by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after purchasing an additional 703,292 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Home Depot by 0.9% in the 2nd quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock valued at $3,071,943,000 after purchasing an additional 170,139 shares during the last quarter. Northern Trust Corp increased its stake in shares of Home Depot by 1.3% in the 2nd quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock valued at $2,659,010,000 after purchasing an additional 222,958 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Home Depot by 1.1% in the 2nd quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock valued at $1,231,485,000 after purchasing an additional 84,750 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Home Depot by 1.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,184,365 shares of the home improvement retailer’s stock valued at $1,172,123,000 after purchasing an additional 95,146 shares during the last quarter. 70.63% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on HD shares. Credit Suisse Group set a $222.00 price target on Home Depot and gave the company a “buy” rating in a research note on Wednesday, February 21st. Bank of America reiterated a “buy” rating and issued a $190.60 price target (down previously from $219.00) on shares of Home Depot in a research note on Tuesday, February 20th. Citigroup reiterated a “buy” rating and issued a $219.00 price target (up previously from $213.00) on shares of Home Depot in a research note on Wednesday, February 21st. Morgan Stanley set a $185.00 price target on Home Depot and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, BTIG Research boosted their price objective on Home Depot to $215.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average price target of $193.15.
Home Depot Inc (NYSE:HD) opened at $178.96 on Friday. The company has a market capitalization of $208,980.38, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. Home Depot Inc has a twelve month low of $144.25 and a twelve month high of $207.60. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The firm had revenue of $23.88 billion for 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%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. equities analysts anticipate that Home Depot Inc will post 9.43 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, March 7th. Home Depot’s payout ratio is currently 56.59%.
Home Depot declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, EVP Edward P. Decker sold 17,660 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total value of $3,308,071.20. Following the transaction, the executive vice president now directly owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig A. Menear sold 113,687 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 237,957 shares in the company, valued at $43,734,117.03. The disclosure for this sale can be found here. Insiders sold a total of 169,027 shares of company stock worth $31,220,882 over the last three months. 0.26% of the stock is owned by company insiders.
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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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