New York State Teachers Retirement System reduced its position in The Home Depot Inc. (NYSE:HD) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 2,342,639 shares of the home improvement retailer’s stock after selling 75,731 shares during the period. The Home Depot accounts for approximately 0.8% of New York State Teachers Retirement System’s investment portfolio, making the stock its 22nd largest position. New York State Teachers Retirement System’s holdings in The Home Depot were worth $299,132,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. First PREMIER Bank boosted its position in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock valued at $113,000 after buying an additional 200 shares during the period. RPg Family Wealth Advisory LLC boosted its position in The Home Depot by 87.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,404 shares of the home improvement retailer’s stock valued at $187,000 after buying an additional 654 shares during the period. Catamount Wealth Management boosted its position in The Home Depot by 2,784.0% in the first quarter. Catamount Wealth Management now owns 1,442 shares of the home improvement retailer’s stock valued at $192,000 after buying an additional 1,392 shares during the period. Highland Private Wealth Management acquired a new position in The Home Depot during the first quarter valued at approximately $212,000. Finally, Cape ANN Savings Bank boosted its position in The Home Depot by 5.6% in the second quarter. Cape ANN Savings Bank now owns 1,747 shares of the home improvement retailer’s stock valued at $223,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 71.86% of the company’s stock.
Shares of The Home Depot Inc. (NYSE:HD) traded up 0.10% during midday trading on Friday, reaching $126.42. The company’s stock had a trading volume of 4,462,055 shares. The Home Depot Inc. has a 12 month low of $109.62 and a 12 month high of $139.00. The stock has a 50-day moving average of $129.05 and a 200 day moving average of $132.39. The company has a market cap of $156.20 billion, a price-to-earnings ratio of 21.40 and a beta of 0.97.
The Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, meeting analysts’ consensus estimates of $1.97. The business earned $26.47 billion during the quarter, compared to the consensus estimate of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.71 earnings per share. On average, analysts predict that The Home Depot Inc. will post $6.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.69 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.76 dividend on an annualized basis and a yield of 2.18%. The Home Depot’s dividend payout ratio is presently 46.54%.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded The Home Depot from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research note on Tuesday, October 4th. Vetr cut The Home Depot from a “buy” rating to a “hold” rating and set a $132.30 price objective on the stock. in a research note on Monday, October 3rd. Morgan Stanley set a $145.00 price objective on The Home Depot and gave the stock a “hold” rating in a research note on Wednesday, September 28th. Argus restated a “hold” rating and set a $154.00 price objective on shares of The Home Depot in a research note on Friday, September 16th. Finally, Jefferies Group restated a “buy” rating on shares of The Home Depot in a research note on Monday, September 12th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $146.86.
In related news, EVP Matt Carey sold 29,357 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total value of $4,000,184.82. Following the completion of the sale, the executive vice president now owns 88,872 shares in the company, valued at $12,109,698.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Carol B. Tome sold 97,610 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $135.35, for a total value of $13,211,513.50. Following the completion of the sale, the chief financial officer now owns 644,831 shares of the company’s stock, valued at approximately $87,277,875.85. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.
The Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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