Brown Advisory Securities LLC boosted its position in The Home Depot Inc. (NYSE:HD) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,289 shares of the home improvement retailer’s stock after buying an additional 488 shares during the period. Brown Advisory Securities LLC’s holdings in The Home Depot were worth $1,186,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions 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. Proficio Capital Partners LLC boosted its position in The Home Depot by 23.7% in the second quarter. Proficio Capital Partners LLC now owns 1,131 shares of the home improvement retailer’s stock valued at $156,000 after buying an additional 217 shares during the period. Alexandria Capital LLC boosted its position in The Home Depot by 1.8% in the second quarter. Alexandria Capital LLC now owns 1,250 shares of the home improvement retailer’s stock valued at $160,000 after buying an additional 22 shares during the period. First New York Securities LLC NY bought a new position in The Home Depot during the second quarter valued at $176,000. Finally, 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. 71.86% of the stock is currently owned by hedge funds and other institutional investors.
The Home Depot Inc. (NYSE:HD) traded down 0.11% during midday trading on Thursday, reaching $128.13. The company had a trading volume of 3,967,337 shares. The company has a market capitalization of $158.31 billion, a P/E ratio of 21.69 and a beta of 0.91. The Home Depot Inc. has a 1-year low of $109.62 and a 1-year high of $139.00. The firm has a 50-day moving average of $131.89 and a 200 day moving average of $132.66.
The Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.97. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The business had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. During the same quarter in the prior year, the company earned $1.71 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot Inc. will post $6.33 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s payout ratio is 46.54%.
A number of research analysts have commented on HD shares. JPMorgan Chase & Co. reiterated a “buy” rating and set a $142.00 price target on shares of The Home Depot in a research report on Tuesday, August 16th. Vetr cut shares of The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 price target on the stock. in a research report on Monday, July 4th. Jefferies Group reiterated a “buy” rating on shares of The Home Depot in a research report on Sunday, July 3rd. Nomura upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and increased their price target for the company from $140.00 to $155.00 in a research report on Thursday, June 23rd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $143.00 price target on shares of The Home Depot in a research report on Friday, June 17th. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $147.36.
In related news, CFO Carol B. Tome sold 97,610 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the completion of the sale, the chief financial officer now directly owns 644,831 shares in the company, valued at approximately $87,277,875.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy M. Crow sold 49,392 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $135.06, for a total value of $6,670,883.52. Following the sale, the executive vice president now owns 224,905 shares of the company’s stock, valued at $30,375,669.30. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
About The Home Depot
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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