Andra AP fonden Acquires 2,201 Shares of Home Depot Inc (HD)
Andra AP fonden lifted its holdings in shares of Home Depot Inc (NYSE:HD) by 2.1% during the third quarter, HoldingsChannel.com reports. The firm owned 108,500 shares of the home improvement retailer’s stock after acquiring an additional 2,201 shares during the quarter. Andra AP fonden’s holdings in Home Depot were worth $17,746,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Atlantic Trust LLC lifted its holdings in shares of Home Depot by 12.8% during the second quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock worth $3,119,000 after purchasing an additional 2,309 shares during the period. APG Asset Management N.V. lifted its holdings in Home Depot by 6.3% in the third quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock valued at $366,731,000 after buying an additional 133,300 shares during the period. IFP Advisors Inc lifted its holdings in Home Depot by 3.0% in the second quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock valued at $11,295,000 after buying an additional 2,133 shares during the period. Smithfield Trust Co. lifted its holdings in Home Depot by 0.3% in the second quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock valued at $1,287,000 after buying an additional 25 shares during the period. Finally, BP PLC lifted its holdings in Home Depot by 16.2% in the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock valued at $27,459,000 after buying an additional 25,000 shares during the period. Institutional investors own 70.14% of the company’s stock.
Home Depot Inc (HD) opened at $193.10 on Wednesday. Home Depot Inc has a fifty-two week low of $133.77 and a fifty-two week high of $193.72. The firm has a market cap of $225,490.00, a PE ratio of 26.78, a PEG ratio of 1.96 and a beta of 1.11. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same quarter in the prior year, the business earned $1.60 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. sell-side analysts forecast that Home Depot Inc will post 7.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.89 per share. The ex-dividend date was Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.84%. Home Depot’s dividend payout ratio is currently 49.38%.
Home Depot announced that its board has approved a stock repurchase program on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
HD has been the topic of several recent analyst reports. BTIG Research boosted their target price on shares of Home Depot to $215.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Argus boosted their target price on shares of Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Oppenheimer set a $178.00 target price on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. SunTrust Banks boosted their target price on shares of Home Depot to $167.00 and gave the company a “hold” rating in a report on Wednesday, November 15th. Finally, Telsey Advisory Group boosted their target price on shares of Home Depot from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. 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 given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $183.28.
In other news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.
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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