11,599 Shares in Home Depot Inc (HD) Acquired by Csenge Advisory Group
Csenge Advisory Group purchased a new stake in shares of Home Depot Inc (NYSE:HD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,599 shares of the home improvement retailer’s stock, valued at approximately $1,897,000. Home Depot comprises about 0.7% of Csenge Advisory Group’s investment portfolio, making the stock its 23rd largest holding.
Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in 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 worth $12,336,016,000 after acquiring an additional 703,292 shares in the last quarter. Capital Research Global Investors grew its stake in 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 worth $3,071,943,000 after acquiring an additional 170,139 shares in the last quarter. Northern Trust Corp grew its stake in 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 worth $2,659,010,000 after acquiring an additional 222,958 shares in the last quarter. Alliancebernstein L.P. grew its stake in 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 worth $1,231,485,000 after acquiring an additional 84,750 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Home Depot by 14.4% in the 2nd quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after acquiring an additional 761,586 shares in the last quarter. Institutional investors own 70.14% of the company’s stock.
HD has been the topic of a number of research analyst reports. Robert W. Baird set a $185.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Oppenheimer set a $178.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Bank of America upped their target price on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Royal Bank of Canada set a $179.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Credit Suisse Group set a $171.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $183.28.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.
Home Depot Inc (NYSE:HD) opened at $191.80 on Thursday. The stock has a market cap of $223,970.00, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Home Depot Inc has a fifty-two week low of $133.94 and a fifty-two week high of $193.72. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $1.60 earnings per share. sell-side analysts expect that Home Depot Inc will post 7.37 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were issued a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.86%. Home Depot’s dividend payout ratio is currently 49.38%.
Home Depot announced that its board has authorized a share buyback program 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
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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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