HBW Advisory Services LLC Grows Holdings in The Home Depot, Inc. (NYSE:HD)

HBW Advisory Services LLC lifted its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 109.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,959 shares of the home improvement retailer’s stock after buying an additional 7,826 shares during the quarter. Home Depot makes up about 1.1% of HBW Advisory Services LLC’s holdings, making the stock its 25th biggest holding. HBW Advisory Services LLC’s holdings in Home Depot were worth $4,103,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Rodgers Brothers Inc. grew its position in shares of Home Depot by 18.9% in the 4th quarter. Rodgers Brothers Inc. now owns 1,332 shares of the home improvement retailer’s stock worth $553,000 after buying an additional 212 shares during the period. Unigestion Holding SA grew its position in Home Depot by 937.2% during the 4th quarter. Unigestion Holding SA now owns 6,576 shares of the home improvement retailer’s stock valued at $2,729,000 after purchasing an additional 5,942 shares during the last quarter. IHT Wealth Management LLC grew its position in Home Depot by 1.0% during the 4th quarter. IHT Wealth Management LLC now owns 12,424 shares of the home improvement retailer’s stock valued at $5,156,000 after purchasing an additional 124 shares during the last quarter. Banco de Sabadell S.A grew its position in Home Depot by 52.0% during the 4th quarter. Banco de Sabadell S.A now owns 9,449 shares of the home improvement retailer’s stock valued at $3,915,000 after purchasing an additional 3,233 shares during the last quarter. Finally, LPL Financial LLC grew its position in Home Depot by 6.1% during the 4th quarter. LPL Financial LLC now owns 973,675 shares of the home improvement retailer’s stock valued at $404,060,000 after purchasing an additional 55,638 shares during the last quarter. 68.66% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $269.14 on Friday. The firm’s 50 day moving average price is $299.46 and its 200-day moving average price is $299.57. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $420.61. The company has a quick ratio of 0.25, a current ratio of 1.18 and a debt-to-equity ratio of 165.70. The stock has a market capitalization of $275.53 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share for the quarter, topping the consensus estimate of $4.95 by $0.10. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The firm had revenue of $43.79 billion for the quarter, compared to analysts’ expectations of $43.33 billion. During the same quarter in the prior year, the business earned $4.53 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that The Home Depot, Inc. will post 16.56 EPS for the current year.

Home Depot announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 18th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to repurchase up to 4.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $1.90 dividend. This represents a $7.60 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Wednesday, August 31st. Home Depot’s dividend payout ratio is 46.71%.

Insider Buying and Selling

In related news, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at approximately $1,857,646.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the completion of the sale, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at approximately $1,857,646.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matt Carey sold 12,650 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the completion of the sale, the executive vice president now directly owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. MKM Partners assumed coverage on shares of Home Depot in a research report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $335.00 to $311.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 9th. Robert W. Baird increased their price objective on shares of Home Depot from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Tuesday, August 16th. Evercore ISI cut their price objective on shares of Home Depot to $360.00 in a research report on Thursday, June 9th. Finally, Raymond James upped their target price on shares of Home Depot from $340.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $365.95.

Home Depot Profile

(Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Featured Articles

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.