Landsberg Bennett & Dubbaneh LLC decreased its stake in Home Depot Inc (NYSE:HD) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,782 shares of the home improvement retailer’s stock after selling 124 shares during the period. Home Depot accounts for about 1.5% of Landsberg Bennett & Dubbaneh LLC’s holdings, making the stock its 11th biggest position. Landsberg Bennett & Dubbaneh LLC’s holdings in Home Depot were worth $5,696,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in Home Depot in the second quarter worth about $25,000. Enterprise Trust & Investment Co bought a new stake in Home Depot in the third quarter worth about $27,000. Evolution Wealth Advisors LLC bought a new stake in shares of Home Depot in the second quarter valued at approximately $31,000. Thor Advisors LLC bought a new stake in shares of Home Depot in the first quarter valued at approximately $32,000. Finally, MRA Associates USA LLC bought a new stake in shares of Home Depot in the second quarter valued at approximately $34,000. 69.92% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Edward P. Decker sold 22,908 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total value of $5,203,552.20. Following the completion of the sale, the executive vice president now owns 87,343 shares of the company’s stock, valued at approximately $19,839,962.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the sale, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. Insiders sold a total of 177,508 shares of company stock valued at $39,076,428 in the last ninety days. 0.27% of the stock is owned by corporate insiders.
Several equities analysts recently commented on HD shares. ValuEngine cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group started coverage on shares of Home Depot in a research note on Thursday, July 11th. They set a “buy” rating and a $235.00 price objective for the company. KeyCorp reaffirmed a “hold” rating on shares of Home Depot in a research note on Wednesday, August 21st. Royal Bank of Canada boosted their price target on shares of Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Finally, Wolfe Research began coverage on shares of Home Depot in a research note on Tuesday. They issued a “buy” rating and a $260.00 price target for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $228.24.
HD stock opened at $234.66 on Friday. Home Depot Inc has a one year low of $158.09 and a one year high of $236.70. The stock has a market cap of $250.72 billion, a PE ratio of 22.44, a P/E/G ratio of 2.24 and a beta of 1.05. The firm has a 50 day simple moving average of $227.71 and a two-hundred day simple moving average of $209.58.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. During the same quarter in the prior year, the company earned $3.05 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.32%. Home Depot’s dividend payout ratio (DPR) is 55.01%.
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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