Risk Paradigm Group LLC Grows Stake in Home Depot, Inc. (The) (HD)
Risk Paradigm Group LLC grew its position in Home Depot, Inc. (The) (NYSE:HD) by 480.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248 shares of the home improvement retailer’s stock after acquiring an additional 1,033 shares during the quarter. Risk Paradigm Group LLC’s holdings in Home Depot were worth $191,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC lifted its position in 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 worth $12,158,000 after buying an additional 1,852,784 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in Home Depot during the second quarter worth approximately $133,780,000. Parametric Portfolio Associates LLC lifted its position in 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 worth $500,903,000 after buying an additional 850,074 shares in the last quarter. Jennison Associates LLC lifted its position in 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 worth $930,903,000 after buying an additional 761,586 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Home Depot by 0.9% during the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after buying an additional 703,292 shares in the last quarter. Institutional investors and hedge funds own 70.37% of the company’s stock.
Shares of Home Depot, Inc. (NYSE:HD) opened at $183.41 on Friday. Home Depot, Inc. has a one year low of $131.10 and a one year high of $186.31. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The firm has a market capitalization of $214,176.86, a price-to-earnings ratio of 25.47, a PEG ratio of 1.86 and a beta of 1.11.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. During the same period in the previous year, the firm posted $1.60 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. sell-side analysts predict that Home Depot, Inc. will post 7.37 EPS for the current fiscal year.
Home Depot announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 6th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.94%. Home Depot’s payout ratio is presently 49.44%.
HD has been the topic of a number of analyst reports. BTIG Research reiterated a “buy” rating and set a $175.00 price objective on shares of Home Depot in a research report on Tuesday, August 15th. Credit Suisse Group set a $171.00 price objective on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Robert W. Baird set a $175.00 price objective on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Oppenheimer set a $178.00 price objective on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, Longbow Research reiterated a “buy” rating and set a $175.00 price objective on shares of Home Depot in a research report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $182.06.
WARNING: This piece was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/risk-paradigm-group-llc-grows-stake-in-home-depot-inc-the-hd/1755769.html.
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.
Receive News & Ratings for Home Depot Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.