MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Home Depot Inc (NYSE:HD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,067 shares of the home improvement retailer’s stock, valued at approximately $1,049,000.
Several other hedge funds have also recently bought and sold shares of the business. Amussen Hunsaker Associates LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $107,000. CSat Investment Advisory L.P. bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $112,000. Mainstay Capital Management LLC ADV boosted its position in shares of Home Depot by 203.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after purchasing an additional 400 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its position in shares of Home Depot by 84.6% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after purchasing an additional 275 shares in the last quarter. Finally, Fort L.P. bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $120,000. Hedge funds and other institutional investors own 69.77% of the company’s stock.
A number of brokerages have recently commented on HD. Wells Fargo & Co reissued a “buy” rating and issued a $230.00 price target on shares of Home Depot in a research report on Sunday, September 16th. Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price target on the stock. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a research report on Friday, October 5th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $204.00 price objective (down from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. Finally, Morgan Stanley upped their price objective on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, October 11th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $207.00.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.24. The business had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 EPS. As a group, analysts forecast that Home Depot Inc will post 9.81 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th were paid a dividend of $1.03 per share. The ex-dividend date was Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a yield of 2.39%. Home Depot’s dividend payout ratio is presently 55.23%.
In related news, Director Manuel Kadre bought 2,000 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was acquired at an average cost of $177.48 per share, for a total transaction of $354,960.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $354,960. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ann Marie Campbell sold 13,457 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the sale, the executive vice president now owns 56,198 shares of the company’s stock, valued at $9,702,022.72. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 13,750 shares of company stock valued at $2,401,470 and have sold 137,987 shares valued at $24,769,526. 0.25% of the stock is currently owned by insiders.
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Home Depot Profile
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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