Legg Mason Asset Management Japan Co. Ltd. reduced its position in Home Depot, Inc. (The) (NYSE:HD) by 5.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,600 shares of the home improvement retailer’s stock after selling 600 shares during the period. Home Depot accounts for about 1.2% of Legg Mason Asset Management Japan Co. Ltd.’s holdings, making the stock its 13th biggest holding. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Home Depot were worth $1,473,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. American Beacon Advisors Inc. purchased a new stake in Home Depot during the 1st quarter valued at approximately $100,000. Jacobi Capital Management LLC raised its stake in shares of 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 in the last quarter. Glassman Wealth Services raised its stake in shares of 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 in the last quarter. St. Johns Investment Management Company LLC raised its stake in shares of 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 in the last quarter. Finally, Mascoma Wealth Management LLC raised its stake in shares of 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 in the last quarter. 70.37% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on HD. Oppenheimer reissued a “buy” rating on shares of Home Depot in a research note on Thursday. Morgan Stanley set a $185.00 target price on Home Depot and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus reissued a “buy” rating and set a $178.00 target price on shares of Home Depot in a research note on Wednesday, August 16th. Robert W. Baird reissued an “outperform” rating and set a $195.00 target price on shares of Home Depot in a research note on Thursday, November 30th. Finally, Sanford C. Bernstein set a $170.00 target price on Home Depot and gave the stock a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and an average target price of $182.06.

Shares of Home Depot, Inc. (HD) opened at $183.41 on Friday. The firm has a market capitalization of $212,530.33, a P/E ratio of 25.28, a P/E/G ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. Home Depot, Inc. has a fifty-two week low of $131.10 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 earnings per share 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 return on equity of 238.88% and a net margin of 8.66%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. analysts expect that Home Depot, Inc. will post 7.37 earnings per share for the current year.

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 issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot’s dividend payout ratio is currently 49.44%.

Home Depot announced that its Board of Directors has approved a share repurchase plan on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board 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.

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

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