Viridian Ria LLC Has $465,000 Holdings in Home Depot Inc (HD)
Viridian Ria LLC raised its holdings in Home Depot Inc (NYSE:HD) by 12.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,355 shares of the home improvement retailer’s stock after buying an additional 255 shares during the period. Viridian Ria LLC’s holdings in Home Depot were worth $465,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Notis McConarty Edward increased its position in shares of Home Depot by 5.7% during the second quarter. Notis McConarty Edward now owns 12,535 shares of the home improvement retailer’s stock worth $2,445,000 after purchasing an additional 680 shares in the last quarter. Cambridge Advisors Inc. acquired a new stake in shares of Home Depot during the second quarter worth about $216,000. First Capital Advisors Group LLC. increased its position in shares of Home Depot by 191.2% during the second quarter. First Capital Advisors Group LLC. now owns 2,886 shares of the home improvement retailer’s stock worth $563,000 after purchasing an additional 1,895 shares in the last quarter. Dempze Nancy E increased its position in shares of Home Depot by 3.5% during the second quarter. Dempze Nancy E now owns 10,093 shares of the home improvement retailer’s stock worth $1,970,000 after purchasing an additional 346 shares in the last quarter. Finally, Elefante Mark B increased its position in shares of Home Depot by 15.8% during the second quarter. Elefante Mark B now owns 2,495 shares of the home improvement retailer’s stock worth $486,000 after purchasing an additional 340 shares in the last quarter. Institutional investors own 68.96% of the company’s stock.
A number of analysts have recently commented on HD shares. Wells Fargo & Co reiterated a “buy” rating and set a $230.00 target price on shares of Home Depot in a research report on Sunday, September 16th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. UBS Group raised their price target on Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. Citigroup raised their price target on Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, August 10th. Finally, ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $205.92.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The company had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same quarter in the previous year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts expect that Home Depot Inc will post 9.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, August 29th. Home Depot’s dividend payout ratio is presently 55.23%.
In other news, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the sale, the executive vice president now owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the sale, the executive vice president now directly owns 60,179 shares in the company, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Home Depot Company 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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