Brick & Kyle Associates raised its stake in The Home Depot Inc. (NYSE:HD) by 8.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,650 shares of the home improvement retailer’s stock after buying an additional 200 shares during the period. Brick & Kyle Associates’ holdings in The Home Depot were worth $338,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of HD. Bank of Montreal Can purchased a new stake in shares of The Home Depot during the second quarter worth $337,042,000. Emerald Acquisition Ltd. purchased a new stake in shares of The Home Depot during the second quarter worth $198,627,000. Jennison Associates LLC increased its stake in shares of The Home Depot by 22.9% in the second quarter. Jennison Associates LLC now owns 7,954,031 shares of the home improvement retailer’s stock worth $1,015,650,000 after buying an additional 1,483,893 shares during the period. Marsico Capital Management LLC increased its stake in shares of The Home Depot by 605.0% in the first quarter. Marsico Capital Management LLC now owns 1,491,833 shares of the home improvement retailer’s stock worth $199,055,000 after buying an additional 1,280,239 shares during the period. Finally, Capital Fund Management S.A. increased its stake in shares of The Home Depot by 3,094.3% in the second quarter. Capital Fund Management S.A. now owns 1,048,670 shares of the home improvement retailer’s stock worth $133,905,000 after buying an additional 1,015,841 shares during the period. Institutional investors own 71.86% of the company’s stock.
Shares of The Home Depot Inc. (NYSE:HD) traded up 0.8753% on Wednesday, reaching $127.9301. The company’s stock had a trading volume of 3,563,824 shares. The company has a market cap of $158.07 billion, a P/E ratio of 21.6537 and a beta of 0.91. The company has a 50 day moving average price of $132.11 and a 200 day moving average price of $132.69. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00.
The Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.97. The firm had revenue of $26.47 billion for the quarter, compared to analyst estimates of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $1.71 EPS. On average, analysts anticipate that The Home Depot Inc. will post $6.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.69 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.76 dividend on an annualized basis and a yield of 2.18%. The Home Depot’s payout ratio is 46.54%.
A number of brokerages have recently weighed in on HD. Argus reiterated a “hold” rating and issued a $154.00 price target on shares of The Home Depot in a report on Friday, September 16th. Jefferies Group reiterated a “buy” rating on shares of The Home Depot in a report on Monday, September 12th. Vetr upgraded The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price target for the company in a report on Thursday, September 8th. Zacks Investment Research downgraded The Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $155.00 price target (up from $150.00) on shares of The Home Depot in a report on Wednesday, August 17th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The Home Depot currently has a consensus rating of “Buy” and an average target price of $147.36.
In other news, CFO Carol B. Tome sold 97,610 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total value of $13,211,513.50. Following the transaction, the chief financial officer now directly owns 644,831 shares in the company, valued at approximately $87,277,875.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 29,357 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total value of $4,000,184.82. Following the completion of the transaction, the executive vice president now owns 88,872 shares in the company, valued at $12,109,698.72. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot Inc. (NYSE:HD).
Receive News & Ratings for The Home Depot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot Inc. and related companies with MarketBeat.com's FREE daily email newsletter.