Farmers National Bank Has $1.40 Million Holdings in Home Depot, Inc. (The) (HD)
Farmers National Bank raised its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 27.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,093 shares of the home improvement retailer’s stock after buying an additional 1,955 shares during the quarter. Farmers National Bank’s holdings in Home Depot were worth $1,395,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in HD. Janus Henderson Group PLC raised its position in shares of Home Depot by 2,013.2% in the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after purchasing an additional 3,162,631 shares during the last quarter. Harbour Capital Advisors LLC raised its position in shares of Home Depot by 15,121.1% in 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 purchasing an additional 1,852,784 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Home Depot in the 2nd quarter valued at approximately $133,780,000. Parametric Portfolio Associates LLC raised its position in shares of Home Depot by 35.2% in 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 purchasing an additional 850,074 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of 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 valued at $930,903,000 after purchasing an additional 761,586 shares during the last quarter. 70.37% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on HD shares. BTIG Research increased their price objective on shares of Home Depot to $215.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Argus raised their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Oppenheimer set a $178.00 price target on shares of Home Depot and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, SunTrust Banks raised their price target on shares of Home Depot to $167.00 and gave the stock a “hold” rating in a research 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 issued a buy rating and one has given a strong buy rating to the company. Home Depot presently has a consensus rating of “Buy” and a consensus target price of $183.28.
In other news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by company insiders.
Shares of Home Depot, Inc. (HD) opened at $182.58 on Friday. The company has a market cap of $212,682.14, a P/E ratio of 25.30, a PEG ratio of 1.85 and a beta of 1.11. Home Depot, Inc. has a one year low of $133.05 and a one year high of $186.31. 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 issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. The business had revenue of $25.03 billion for 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 revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $1.60 EPS. research analysts forecast that Home Depot, Inc. will post 7.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.89 per share. 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 1.95%. Home Depot’s payout ratio is 49.44%.
Home Depot announced that its Board of Directors has approved a share 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 reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are 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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