Beaumont Financial Partners LLC Buys 323 Shares of Home Depot Inc (HD)
Beaumont Financial Partners LLC increased its holdings in shares of Home Depot Inc (NYSE:HD) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,692 shares of the home improvement retailer’s stock after purchasing an additional 323 shares during the quarter. Beaumont Financial Partners LLC’s holdings in Home Depot were worth $767,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of HD. Janus Henderson Group PLC increased its position in shares of Home Depot by 2,013.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after purchasing an additional 3,162,631 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in Home Depot by 15,121.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after acquiring an additional 1,852,784 shares during the period. Westfield Capital Management Co. LP purchased a new position in Home Depot during the 2nd quarter valued at about $133,780,000. Parametric Portfolio Associates LLC boosted its holdings in Home Depot by 35.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after acquiring an additional 850,074 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Home Depot by 14.4% during the 2nd quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after acquiring an additional 761,586 shares during the period. 70.14% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on HD shares. BTIG Research raised their target price on Home Depot to $215.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Argus raised their target price on 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 Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. SunTrust Banks raised their target price on Home Depot to $167.00 and gave the company a “hold” rating in a report on Wednesday, November 15th. Finally, Telsey Advisory Group raised their target price on 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 issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Home Depot presently has an average rating of “Buy” and a consensus price target of $183.28.
Shares of Home Depot Inc (NYSE HD) opened at $191.80 on Thursday. The firm has a market capitalization of $223,970.00, a P/E ratio of 26.60, a P/E/G ratio of 1.96 and a beta of 1.11. Home Depot Inc has a 52 week low of $133.94 and a 52 week high of $193.72. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 earnings per share. analysts forecast that Home Depot Inc will post 7.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot’s payout ratio is 49.38%.
Home Depot declared that its board has approved a stock repurchase program on Wednesday, December 6th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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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