Gofen & Glossberg LLC IL lessened its holdings in shares of Home Depot Inc (NYSE:HD) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 79,788 shares of the home improvement retailer’s stock after selling 793 shares during the period. Gofen & Glossberg LLC IL’s holdings in Home Depot were worth $22,158,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of HD. Skandinaviska Enskilda Banken AB publ lifted its position in Home Depot by 1.3% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 326,905 shares of the home improvement retailer’s stock worth $61,036,000 after acquiring an additional 4,303 shares during the period. ETF Managers Group LLC grew its position in Home Depot by 11.4% in the 1st quarter. ETF Managers Group LLC now owns 1,448 shares of the home improvement retailer’s stock valued at $284,000 after buying an additional 148 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Home Depot in the 1st quarter valued at $111,444,000. Geode Capital Management LLC raised its position in Home Depot by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 16,956,982 shares of the home improvement retailer’s stock worth $3,160,862,000 after buying an additional 191,403 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its holdings in shares of Home Depot by 11.1% in the first quarter. Intact Investment Management Inc. now owns 52,900 shares of the home improvement retailer’s stock valued at $9,877,000 after acquiring an additional 5,300 shares in the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.
In related news, EVP William G. Lennie sold 13,199 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $283.22, for a total value of $3,738,220.78. Following the completion of the transaction, the executive vice president now directly owns 49,736 shares of the company’s stock, valued at approximately $14,086,229.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matt Carey sold 50,478 shares of Home Depot stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $276.43, for a total value of $13,953,633.54. Following the sale, the executive vice president now directly owns 62,735 shares in the company, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. Insiders sold 119,304 shares of company stock worth $32,088,591 over the last ninety days. 0.26% of the stock is owned by corporate insiders.
HD has been the subject of a number of recent analyst reports. Loop Capital raised their price objective on shares of Home Depot from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. UBS Group increased their price objective on Home Depot from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Barclays upped their price target on shares of Home Depot from $260.00 to $315.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Nomura Instinet boosted their price objective on shares of Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, BofA Securities upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and lifted their price target for the company from $290.00 to $330.00 in a research report on Wednesday, August 19th. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and a consensus target price of $288.79.
NYSE:HD traded up $1.40 on Friday, reaching $285.92. The stock had a trading volume of 2,240,096 shares, compared to its average volume of 5,023,410. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $292.95. The stock has a market cap of $307.78 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.09. The company has a 50-day moving average of $278.05 and a 200 day moving average of $247.32.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.82. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The firm had revenue of $38.05 billion during the quarter, compared to the consensus estimate of $32.13 billion. During the same quarter in the previous year, the company posted $3.17 earnings per share. The firm’s revenue was up 23.4% on a year-over-year basis. As a group, equities analysts predict that Home Depot Inc will post 11.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a dividend of $1.50 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $6.00 dividend on an annualized basis and a yield of 2.10%. Home Depot’s payout ratio is currently 58.54%.
About Home Depot
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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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