Home Depot, Inc. (The) (HD) Position Increased by EP Wealth Advisors LLC
EP Wealth Advisors LLC raised its position in Home Depot, Inc. (The) (NYSE:HD) by 24.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,221 shares of the home improvement retailer’s stock after purchasing an additional 840 shares during the quarter. EP Wealth Advisors LLC’s holdings in Home Depot were worth $647,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its stake in shares of Home Depot by 2,013.2% during the second 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 in the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Home Depot by 15,121.1% during the second 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 in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Home Depot during the second quarter valued at approximately $133,780,000. Parametric Portfolio Associates LLC boosted its stake in shares of Home Depot by 35.2% during the second 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 in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Home Depot by 14.4% during the second 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 in the last quarter. 70.37% of the stock is currently owned by institutional investors.
In related news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction 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 in the company, valued at $5,410,183.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.
HD has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Robert W. Baird set a $175.00 target price on shares of Home Depot and gave the company a “buy” rating in a research report on Sunday, September 10th. Royal Bank of Canada set a $179.00 target price on shares of Home Depot and gave the company a “buy” rating in a research report on Monday, October 30th. Credit Suisse Group set a $171.00 target price on shares of Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Bank of America increased their target price on shares of Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $182.72.
Home Depot, Inc. (NYSE:HD) opened at $183.03 on Thursday. The stock has a market cap of $212,250.06, a price-to-earnings ratio of 25.24, a P/E/G ratio of 1.84 and a beta of 1.11. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot, Inc. has a fifty-two week low of $133.05 and a fifty-two week high of $186.31.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $1.60 earnings per share. analysts forecast that Home Depot, Inc. will post 7.37 EPS for the current year.
Home Depot announced 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
The company 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 dividend of $0.89 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 1.95%. Home Depot’s dividend payout ratio is presently 49.44%.
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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