Regatta Capital Group LLC acquired a new stake in The Home Depot, Inc. (NYSE: HD – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,213 shares of the home improvement retailer’s stock, valued at approximately $ 2,993,000. Home Depot accounts for about 1.0% of Regatta Capital Group LLC’s investment portfolio, making the stock its 20th biggest holding.
A number of other institutional investors have also recently modified their holdings of HD. Allspring Global Investments Holdings LLC purchased 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% in the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock valued at $ 2,001,755,000 after acquiring an additional 840,033 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 701,811 shares during the period. UBS Asset Management Americas Inc. increased its stake 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 buying an additional 605,827 shares during the period. Finally, Deutsche Bank AG increased its stake 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 buying an additional 566,462 shares during the period. Institutional investors own 70.61% of the company stock.
HD stock opened at $ 273.46 on Friday. The stock has a market capitalization of $ 281.05 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.68 and a beta of 0.97. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.28 and a current ratio of 1.11. The Home Depot, Inc. has a 1 year low of $ 269.73 and a 1 year high of $ 420.61. The stock’s fifty day moving average is $ 298.72 and its two-hundred day moving average is $ 338.34.
Home Depot (NYSE: HD – Get Rating) last issued its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $ 4.09 EPS for the quarter, beating analysts’ consensus estimates of $ 3.67 by $ 0.42. The company had revenue of $ 38.91 billion for the quarter, compared to analyst estimates of $ 36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $ 3.86 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a dividend of $ 1.90 per share. This represents a $ 7.60 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot’s payout ratio is currently 48.25%.
A number of equities analysts have recently weighed in on HD shares. Evercore ISI lowered their price target on shares of Home Depot to $ 360.00 in a research note on Thursday, June 9th. JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $ 406.00 to $ 365.00 in a research report on Wednesday, February 23rd. The Goldman Sachs Group decreased their price objective on shares of Home Depot from $ 413.00 to $ 402.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Gordon Haskett lowered shares of Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Finally, Morgan Stanley reduced their target price on shares of Home Depot from $ 420.00 to $ 380.00 and set an “overweight” rating on the stock in a report on Wednesday, February 23rd. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $ 373.86.
In other Home Depot news, EVP Hector A. Padilla sold 504 shares of the firm’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $ 309.80, for a total transaction of $ 156,139.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $ 288.03, for a total value of $ 3,252,722.79. Following the sale, the executive vice president now owns 51,175 shares of the company stock, valued at $ 14,739,935.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,933 shares of company stock worth $ 3,448,197. 0.17% of the stock is owned by corporate insiders.
About Home Depot: (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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