Colony Group LLC Buys 17,764 Shares of Home Depot, Inc. (The) (HD)
Colony Group LLC lifted its stake in Home Depot, Inc. (The) (NYSE:HD) by 181.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,576 shares of the home improvement retailer’s stock after purchasing an additional 17,764 shares during the period. Colony Group LLC’s holdings in Home Depot were worth $4,230,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. purchased a new stake in Home Depot during the 1st quarter worth about $100,000. Jacobi Capital Management LLC lifted 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 worth $108,000 after buying an additional 101 shares during the last quarter. Glassman Wealth Services lifted its holdings in Home Depot by 38.3% during the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after buying an additional 300 shares during the last quarter. St. Johns Investment Management Company LLC lifted its holdings in Home Depot by 81.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after buying an additional 495 shares during the last quarter. Finally, Mascoma Wealth Management LLC lifted its holdings in Home Depot by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after buying an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.
A number of brokerages have issued reports on HD. Oppenheimer reaffirmed a “buy” rating on shares of Home Depot in a report on Thursday, December 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $178.00 price target on shares of Home Depot in a report on Wednesday, August 16th. Wedbush reaffirmed a “market perform” rating on shares of Home Depot in a report on Wednesday, August 16th. Sanford C. Bernstein set a $170.00 price target on Home Depot and gave the stock a “hold” rating in a report on Thursday, December 7th. Finally, Telsey Advisory Group lifted their price target on Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Home Depot presently has an average rating of “Buy” and an average target price of $182.06.
Home Depot, Inc. (NYSE HD) traded up $0.93 on Wednesday, hitting $182.73. The stock had a trading volume of 365,890 shares, compared to its average volume of 4,476,013. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. Home Depot, Inc. has a twelve month low of $133.05 and a twelve month high of $186.31. The firm has a market capitalization of $212,822.27, a PE ratio of 25.31, a P/E/G ratio of 1.85 and a beta of 1.11.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for 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 for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 EPS. equities research analysts forecast that Home Depot, Inc. will post 7.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is presently 49.44%.
Home Depot declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
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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