New Mexico Educational Retirement Board cut its stake in shares of The Home Depot, Inc. (NYSE: HD – Get Rating) by 6.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,692 shares of the home improvement retailer’s stock after selling 4,300 shares during the quarter. Home Depot accounts for approximately 0.7% of New Mexico Educational Retirement Board’s holdings, making the stock its 17th biggest position. New Mexico Educational Retirement Board’s holdings in Home Depot were worth $ 18,167,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of HD. Geode Capital Management LLC lifted its holdings in Home Depot by 4.3% in the fourth 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. Morgan Stanley lifted its holdings in Home Depot by 1.4% in the second quarter. Morgan Stanley now owns 11,505,713 shares of the home improvement retailer’s stock valued at $ 3,669,058,000 after acquiring an additional 162,299 shares during the period. Norges Bank acquired a new stake in Home Depot in the fourth quarter valued at $ 4,325,629,000. Fisher Asset Management LLC lifted its holdings in Home Depot by 4.6% in the fourth quarter. Fisher Asset Management LLC now owns 7,830,978 shares of home improvement retailer’s stock valued at $ 3,249,934,000 after acquiring an additional 346,970 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its holdings in Home Depot by 11.4% in the third 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 acquiring an additional 605,827 shares during the period. 70.61% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction dated Tuesday, May 24th. The shares were 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 directly owns 51,175 shares in the company, valued at approximately $ 14,739,935.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Becker Caryn Seidman purchased 1,500 shares of the company stock in a transaction on Monday, May 23rd. The stock was purchased at an average price of $ 287.73 per share, for a total transaction of $ 431,595.00. Following the purchase, the director now directly owns 1,500 shares of the company stock, valued at approximately $ 431,595. The disclosure for this purchase can be found here. Insiders sold a total of 11,933 shares of company stock valued at $ 3,448,197 over the last quarter. Company insiders own 0.17% of the company stock.
NYSE HD opened at $ 270.73 on Friday. The firm has a market capitalization of $ 278.25 billion, a P / E ratio of 17.19, a P / E / G ratio of 1.62 and a beta of 0.97. The Home Depot, Inc. has a 1-year low of $ 269.73 and a 1-year high of $ 420.61. 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 business’s 50-day simple moving average is $ 297.91 and its 200-day simple moving average is $ 336.99.
Home Depot (NYSE: HD – Get Rating) last released its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $ 4.09 EPS for the quarter, topping the consensus estimate of $ 3.67 by $ 0.42. The firm 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%. Home Depot’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $ 3.86 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 16.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were issued a $ 1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $ 7.60 dividend on an annualized basis and a dividend yield of 2.81%. Home Depot’s dividend payout ratio (DPR) is 48.25%.
HD has been the subject of a number of research analyst reports. Citigroup raised their price target on Home Depot from $ 327.00 to $ 348.00 in a research report on Friday, May 20th. Wells Fargo & Company dropped their price target on Home Depot from $ 400.00 to $ 350.00 and set an “overweight” rating for the company in a research report on Thursday, April 7th. Raymond James dropped their price target on Home Depot from $ 350.00 to $ 340.00 and set an “outperform” rating for the company in a research report on Wednesday, May 18th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Finally, Robert W. Baird dropped their price target on Home Depot from $ 425.00 to $ 380.00 in a research report on Tuesday, February 22nd. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $ 373.86.
Home Depot 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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