Moon Capital Management LLC Continues to Hold Stake in The Home Depot Inc. (HD)
Moon Capital Management LLC continued to hold its position in The Home Depot Inc. (NYSE:HD) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,164 shares of the home improvement retailer’s stock at the end of the second quarter. Moon Capital Management LLC’s holdings in The Home Depot were worth $404,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First PREMIER Bank increased its position in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock valued at $113,000 after buying an additional 200 shares during the period. RPg Family Wealth Advisory LLC increased its position in The Home Depot by 87.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,404 shares of the home improvement retailer’s stock valued at $187,000 after buying an additional 654 shares during the period. Catamount Wealth Management increased its position in The Home Depot by 2,784.0% in the first quarter. Catamount Wealth Management now owns 1,442 shares of the home improvement retailer’s stock valued at $192,000 after buying an additional 1,392 shares during the period. Highland Private Wealth Management purchased a new position in The Home Depot during the first quarter valued at about $212,000. Finally, Cape ANN Savings Bank increased its position in The Home Depot by 5.6% in the second quarter. Cape ANN Savings Bank now owns 1,747 shares of the home improvement retailer’s stock valued at $223,000 after buying an additional 92 shares during the period. 71.97% of the stock is owned by institutional investors and hedge funds.
Shares of The Home Depot Inc. (NYSE:HD) traded down 0.67% during trading on Friday, hitting $126.11. The company’s stock had a trading volume of 6,941,162 shares. The Home Depot Inc. has a 1-year low of $109.62 and a 1-year high of $139.00. The firm’s 50 day moving average is $135.03 and its 200-day moving average is $132.63. The company has a market capitalization of $155.82 billion, a P/E ratio of 21.35 and a beta of 0.91.
The Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.97. The firm earned $26.47 billion during the quarter, compared to the consensus estimate of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.71 EPS. Analysts forecast that The Home Depot Inc. will post $6.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.19%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s dividend payout ratio is currently 46.54%.
Several research analysts have recently issued reports on the company. Vetr raised The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price target for the company in a research note on Thursday, September 8th. Stifel Nicolaus assumed coverage on The Home Depot in a research note on Tuesday, August 2nd. They set a “buy” rating and a $157.00 price target for the company. Topeka Capital Markets assumed coverage on The Home Depot in a research note on Monday, May 23rd. They set a “buy” rating and a $158.00 price target for the company. Royal Bank Of Canada boosted their target price on shares of The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $142.00 target price on shares of The Home Depot in a research note on Tuesday, August 16th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $147.36.
In other news, EVP Timothy M. Crow sold 49,392 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the completion of the sale, the executive vice president now directly owns 224,905 shares of the company’s stock, valued at approximately $30,375,669.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Carol B. Tome sold 97,610 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $135.35, for a total value of $13,211,513.50. Following the sale, the chief financial officer now directly owns 644,831 shares of the company’s stock, valued at $87,277,875.85. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
About The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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