Signature Wealth Management Group Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)


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Signature Wealth Management Group grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,990 shares of the home improvement retailer’s stock after purchasing an additional 481 shares during the quarter. The Home Depot makes up about 2.0% of Signature Wealth Management Group’s holdings, making the stock its 15th largest position. Signature Wealth Management Group’s holdings in The Home Depot were worth $3,355,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. CX Institutional grew its holdings in shares of The Home Depot by 6.4% during the first quarter. CX Institutional now owns 19,302 shares of the home improvement retailer’s stock worth $5,892,000 after buying an additional 1,155 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC grew its holdings in shares of The Home Depot by 3.1% during the first quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,669 shares of the home improvement retailer’s stock worth $509,000 after buying an additional 50 shares during the last quarter. Symphony Financial Ltd. Co. grew its holdings in shares of The Home Depot by 73.8% during the first quarter. Symphony Financial Ltd. Co. now owns 3,468 shares of the home improvement retailer’s stock worth $1,088,000 after buying an additional 1,473 shares during the last quarter. Gillespie Robinson & Grimm Inc. grew its holdings in shares of The Home Depot by 10.6% during the first quarter. Gillespie Robinson & Grimm Inc. now owns 125,335 shares of the home improvement retailer’s stock worth $38,259,000 after buying an additional 11,970 shares during the last quarter. Finally, Crescent Capital Consulting LLC grew its holdings in shares of The Home Depot by 0.6% during the first quarter. Crescent Capital Consulting LLC now owns 9,993 shares of the home improvement retailer’s stock worth $3,051,000 after buying an additional 56 shares during the last quarter. 68.71% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on HD. Wells Fargo & Company raised their price target on The Home Depot from $310.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Citigroup assumed coverage on The Home Depot in a report on Monday, March 15th. They set a “buy” rating and a $288.00 price target on the stock. UBS Group raised their price objective on shares of The Home Depot from $305.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of The Home Depot in a research report on Monday, March 15th. They issued a “buy” rating and a $288.00 price objective for the company. Finally, Zelman & Associates downgraded shares of The Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The Home Depot currently has a consensus rating of “Buy” and a consensus price target of $303.80.

Shares of NYSE HD traded up $5.34 during trading on Friday, hitting $328.08. 6,213,121 shares of the company traded hands, compared to its average volume of 4,620,648. The Home Depot, Inc. has a 1 year low of $196.82 and a 1 year high of $323.40. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The firm has a market capitalization of $352.76 billion, a P/E ratio of 28.38, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a 50-day moving average price of $288.24 and a 200-day moving average price of $278.18.

The Home Depot (NYSE:HD) last issued its quarterly earnings data on Monday, February 22nd. The home improvement retailer reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The firm had revenue of $32.26 billion for the quarter, compared to analyst estimates of $27.10 billion. During the same quarter in the previous year, the business posted $2.28 EPS. The firm’s revenue was up 25.1% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 11.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th were issued a $1.65 dividend. The ex-dividend date of this dividend was Wednesday, March 10th. This represents a $6.60 dividend on an annualized basis and a yield of 2.01%. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s payout ratio is currently 64.39%.

The Home Depot Profile

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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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