Home Depot, Inc. (The) (HD) Shares Bought by Stokes & Hubbell Capital Management LLC
Stokes & Hubbell Capital Management LLC lifted its stake in Home Depot, Inc. (The) (NYSE:HD) by 252.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,261 shares of the home improvement retailer’s stock after buying an additional 10,210 shares during the quarter. Stokes & Hubbell Capital Management LLC’s holdings in Home Depot were worth $2,333,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in HD. Jacobi Capital Management LLC increased its position in Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares during the last quarter. Glassman Wealth Services increased its position in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after purchasing an additional 300 shares during the last quarter. St. Johns Investment Management Company LLC increased its position in Home Depot by 81.8% during the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after acquiring an additional 495 shares during the last quarter. Mascoma Wealth Management LLC increased its position in Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after acquiring an additional 7 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its position in Home Depot by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock valued at $184,000 after acquiring an additional 900 shares during the last quarter. 70.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
Home Depot, Inc. (NYSE HD) opened at $182.58 on Monday. Home Depot, Inc. has a fifty-two week low of $133.05 and a fifty-two week high of $186.31. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. The firm has a market cap of $213,195.95, a P/E ratio of 25.36, 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the prior year, the company earned $1.60 EPS. Home Depot’s quarterly revenue was up 8.1% on a year-over-year basis. analysts expect that Home Depot, Inc. will post 7.37 earnings per share for the current year.
Home Depot declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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 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%.
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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