Johanson Financial Advisors Inc. acquired a new position in Home Depot Inc (NYSE:HD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,890 shares of the home improvement retailer’s stock, valued at approximately $552,000.
A number of other institutional investors have also modified their holdings of the stock. Jacobi Capital Management LLC raised its stake in Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares in the last quarter. Burt Wealth Advisors raised its stake in Home Depot by 83.5% in the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after buying an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Home Depot by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after buying an additional 340 shares in the last quarter. Empire Life Investments Inc. raised its stake in Home Depot by 233.4% in the third quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock valued at $157,000 after buying an additional 670 shares in the last quarter. Finally, Glassman Wealth Services raised its stake in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares in the last quarter. Institutional investors own 70.69% of the company’s stock.
In other Home Depot news, EVP Ann Marie Campbell sold 37,680 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $186.26, for a total value of $7,018,276.80. Following the completion of the transaction, the executive vice president now directly owns 53,459 shares in the company, valued at approximately $9,957,273.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig A. Menear sold 113,687 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total value of $20,894,533.73. Following the completion of the transaction, the chief executive officer now owns 237,957 shares of the company’s stock, valued at $43,734,117.03. The disclosure for this sale can be found here. Insiders have sold a total of 169,027 shares of company stock valued at $31,220,882 over the last 90 days. Insiders own 0.26% of the company’s stock.
A number of analysts have recently commented on the company. Credit Suisse Group lifted their target price on Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus lifted their target price on Home Depot from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $220.00 target price (up previously from $190.00) on shares of Home Depot in a research report on Friday, January 19th. Jefferies Group reiterated a “buy” rating and set a $223.00 target price on shares of Home Depot in a research report on Monday, February 5th. Finally, Oppenheimer reiterated a “buy” rating on shares of Home Depot in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $194.04.
Shares of HD stock traded down $5.34 during midday trading on Monday, reaching $172.90. 7,209,673 shares of the company traded hands, compared to its average volume of 5,413,119. Home Depot Inc has a 1-year low of $144.25 and a 1-year high of $207.60. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69. The company has a market cap of $208,139.59, a price-to-earnings ratio of 23.18, a PEG ratio of 1.43 and a beta of 1.15.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.07. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The firm had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. During the same period in the previous year, the firm posted $1.44 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. sell-side analysts forecast that Home Depot Inc will post 9.43 earnings per share for the current fiscal year.
Home Depot announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were given a dividend of $1.03 per share. This is an increase from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Wednesday, March 7th. Home Depot’s payout ratio is currently 55.23%.
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About 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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