Autumn Glory Partners LLC bought a new position in The Home Depot, Inc. (NYSE: HD – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,450 shares of the home improvement retailer’s stock, valued at approximately $ 3,508,000. Home Depot makes up approximately 1.5% of Autumn Glory Partners LLC’s investment portfolio, making the stock its 12th biggest position.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $ 440,559,000. Jennison Associates LLC increased its holdings in shares of Home Depot by 21.1% during the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock worth $ 2,001,755,000 after buying an additional 840,033 shares during the last quarter. Geode Capital Management LLC increased its holdings in Home Depot by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $ 7,002,662,000 after purchasing an additional 701,811 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Home Depot by 11.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 5,903,692 shares of the home improvement retailer’s stock valued at $ 1,937,946,000 after purchasing an additional 605,827 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Home Depot by 12.2% in the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock valued at $ 2,166,946,000 after purchasing an additional 566,462 shares during the last quarter. 70.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE HD opened at $ 278.67 on Wednesday. The Home Depot, Inc. has a 12-month low of $ 276.59 and a 12-month high of $ 420.61. The company has a market capitalization of $ 286.40 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The firm’s 50-day moving average is $ 299.68 and its two-hundred day moving average is $ 339.68.
Home Depot (NYSE: HD – Get Rating) last announced its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $ 4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 3.67 by $ 0.42. Home Depot had a net margin of 10.83% and a return on equity of 2,082.76%. The company had revenue of $ 38.91 billion for the quarter, compared to the estimate consensus of $ 36.78 billion. During the same quarter in the prior year, the firm earned $ 3.86 earnings per share. The company revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts forecast that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Investors of record on Thursday, June 2nd will be paid a dividend of $ 1.90 per share. This represents a $ 7.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, June 1st. Home Depot’s payout ratio is 48.25%.
Several analysts recently weighed in on the stock. Evercore ISI dropped their target price on shares of Home Depot to $ 360.00 in a report on Thursday, June 9th. Guggenheim dropped their price target on shares of Home Depot from $ 400.00 to $ 350.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. JPMorgan Chase & Co. dropped their price target on shares of Home Depot from $ 406.00 to $ 365.00 in a research note on Wednesday, February 23rd. DA Davidson decreased their price objective on shares of Home Depot from $ 354.00 to $ 330.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Finally, Wells Fargo & Company decreased their price objective on shares of Home Depot from $ 400.00 to $ 350.00 and set an “overweight” rating for the company in a research report on Thursday, April 7th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Buy” and an average price target of $ 373.86.
In related news, Director Becker Caryn Seidman purchased 1,500 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were bought at an average price of $ 287.73 per share, with a total value of $ 431,595.00. Following the completion of the purchase, the director now directly owns 1,500 shares in the company, valued at approximately $ 431,595. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $ 288.03, for a total transaction of $ 3,252,722.79. Following the transaction, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $ 14,739,935.25. The disclosure for this sale can be found here. Insiders have sold 11,933 shares of company stock worth $ 3,448,197 in the last three months. Insiders own 0.17% of the company stock.
Home Depot Company Profile: (Get Rating)
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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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