Home Depot Inc (NYSE:HD) Director Gregory D. Brenneman acquired 16,827 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was purchased at an average cost of $178.29 per share, with a total value of $3,000,085.83. Following the completion of the purchase, the director now directly owns 46,332 shares in the company, valued at $8,260,532.28. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of HD stock opened at $171.80 on Friday. The company has a market capitalization of $207,882.69, a price-to-earnings ratio of 23.60, a PEG ratio of 1.43 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.38. Home Depot Inc has a 1 year low of $144.25 and a 1 year high of $207.60.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, beating the Zacks’ 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%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. analysts expect that Home Depot Inc will post 9.43 EPS for the current year.
Home Depot declared that its Board of Directors has authorized a share buyback plan 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th were given a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s payout ratio is currently 56.59%.
Several equities analysts recently weighed in on HD shares. BMO Capital Markets raised their price objective on Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. BTIG Research raised their price objective on Home Depot to $215.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Jefferies Group reaffirmed a “buy” rating and issued a $223.00 price objective on shares of Home Depot in a research note on Monday, February 5th. Morgan Stanley set a $210.00 price objective on Home Depot and gave the company a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $194.04.
Institutional investors have recently modified their holdings of the stock. Ford Financial Group Inc. acquired a new position in Home Depot in the fourth quarter valued at $108,000. Earnest Partners LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $108,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Home Depot during the fourth quarter worth about $112,000. Denali Advisors LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $133,000. Finally, Jacobi Capital Management LLC lifted its stake in shares of Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.
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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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