Horrell Capital Management Inc. increased its holdings in shares of Home Depot Inc (NYSE:HD) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,641 shares of the home improvement retailer’s stock after acquiring an additional 571 shares during the period. Home Depot makes up approximately 2.8% of Horrell Capital Management Inc.’s portfolio, making the stock its 9th biggest holding. Horrell Capital Management Inc.’s holdings in Home Depot were worth $5,428,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Home Depot by 0.9% in the second 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 grew its holdings in Home Depot by 0.9% in the second 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 grew its holdings in Home Depot by 1.3% in the second 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. grew its holdings in Home Depot by 1.1% in the second 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. grew its holdings in Home Depot by 1.6% in the fourth 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. 70.59% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have weighed in on the company. Credit Suisse Group upped their target price on Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus upped their target price on Home Depot from $209.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $220.00 target price (up previously from $190.00) on shares of Home Depot in a report on Friday, January 19th. Jefferies Group reissued a “buy” rating and issued a $223.00 target price on shares of Home Depot in a report on Monday, February 5th. Finally, Oppenheimer reissued a “buy” rating on shares of Home Depot in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $194.04.
Home Depot Inc (NYSE:HD) opened at $175.29 on Friday. Home Depot Inc has a 12-month low of $144.25 and a 12-month high of $207.60. The firm has a market capitalization of $207,882.69, a PE ratio of 24.08, a P/E/G ratio of 1.43 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.07. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The firm had revenue of $23.88 billion for the quarter, compared to the consensus estimate of $23.65 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. analysts predict that Home Depot Inc will post 9.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were given a dividend of $1.03 per share. The ex-dividend date was Wednesday, March 7th. This is an increase from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a yield of 2.35%. Home Depot’s dividend payout ratio is 56.59%.
Home Depot declared that its board has approved a share repurchase program on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
In other news, CEO Craig A. Menear sold 113,687 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Edward P. Decker sold 17,660 shares of the firm’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 completion of the transaction, the executive vice president now owns 73,815 shares in the company, valued at $13,827,025.80. The disclosure for this sale can be found here. Insiders have sold 169,027 shares of company stock worth $31,220,882 over the last quarter. 0.26% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2018/03/23/home-depot-inc-hd-position-lifted-by-horrell-capital-management-inc.html.
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.
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.