Atlantic Trust Group LLC Buys 451,487 Shares of Home Depot Inc (HD)
Atlantic Trust Group LLC lifted its stake in Home Depot Inc (NYSE:HD) by 38.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,630,461 shares of the home improvement retailer’s stock after buying an additional 451,487 shares during the period. Home Depot comprises approximately 1.2% of Atlantic Trust Group LLC’s holdings, making the stock its 11th largest holding. Atlantic Trust Group LLC’s holdings in Home Depot were worth $266,679,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC increased its holdings in Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares in the last quarter. Burt Wealth Advisors boosted its position in Home Depot by 83.5% in the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after buying an additional 396 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in Home Depot by 63.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after buying an additional 340 shares during the last quarter. Empire Life Investments Inc. boosted its position in Home Depot by 233.4% in the 3rd quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock valued at $157,000 after buying an additional 670 shares during the last quarter. Finally, Glassman Wealth Services boosted its position in Home Depot by 38.3% in the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares during the last quarter. 70.36% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on HD. Loop Capital began coverage on Home Depot in a research report on Thursday. They issued a “hold” rating and a $187.00 price objective on the stock. SunTrust Banks increased their price objective on Home Depot to $187.00 and gave the company a “hold” rating in a research report on Thursday, February 22nd. Credit Suisse Group set a $222.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Wednesday, February 21st. BMO Capital Markets increased their price objective on Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. 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 company. Home Depot presently has an average rating of “Buy” and an average price target of $193.15.
Shares of Home Depot Inc (HD) opened at $178.46 on Monday. The company has a market capitalization of $208,400.00, a price-to-earnings ratio of 24.12, a P/E/G ratio of 1.38 and a beta of 1.14. Home Depot Inc has a 12 month low of $144.25 and a 12 month high of $207.60. 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 issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The business had revenue of $23.88 billion for the quarter, compared to the consensus estimate of $23.65 billion. Home Depot had a return on equity of 382.53% and a net margin of 7.98%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. analysts expect that Home Depot Inc will post 9.41 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.31%. The ex-dividend date is Wednesday, March 7th. This is an increase from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio (DPR) is presently 48.11%.
Home Depot announced that its Board of Directors has approved a stock buyback program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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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.
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