Paragon Capital Management LLC raised its position in The Home Depot Inc. (NYSE:HD) by 55.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,861 shares of the home improvement retailer’s stock after buying an additional 1,020 shares during the period. Paragon Capital Management LLC’s holdings in The Home Depot were worth $365,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. First PREMIER Bank increased its stake in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock worth $113,000 after buying an additional 200 shares during the last quarter. RPg Family Wealth Advisory LLC increased its stake in The Home Depot by 87.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,404 shares of the home improvement retailer’s stock worth $187,000 after buying an additional 654 shares during the last quarter. Catamount Wealth Management increased its stake in The Home Depot by 2,784.0% in the first quarter. Catamount Wealth Management now owns 1,442 shares of the home improvement retailer’s stock worth $192,000 after buying an additional 1,392 shares during the last quarter. Highland Private Wealth Management purchased a new stake in The Home Depot during the first quarter worth approximately $212,000. Finally, Cape ANN Savings Bank increased its stake in The Home Depot by 5.6% in the second quarter. Cape ANN Savings Bank now owns 1,747 shares of the home improvement retailer’s stock worth $223,000 after buying an additional 92 shares during the last quarter. 71.86% of the stock is currently owned by institutional investors.
Shares of The Home Depot Inc. (NYSE:HD) traded down 0.83% during trading on Monday, reaching $127.25. 4,349,741 shares of the company’s stock were exchanged. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00. The company has a market capitalization of $157.23 billion, a PE ratio of 21.54 and a beta of 0.97. The company has a 50 day moving average price of $130.11 and a 200-day moving average price of $132.55.
The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, hitting the consensus estimate of $1.97. The firm had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 EPS. On average, equities analysts forecast that The Home Depot Inc. will post $6.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $0.69 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.76 annualized dividend and a yield of 2.17%. The Home Depot’s dividend payout ratio (DPR) is presently 46.54%.
Several brokerages recently issued reports on HD. Vetr downgraded The Home Depot from a “buy” rating to a “hold” rating and set a $135.32 price target for the company. in a report on Monday, July 11th. Jefferies Group reiterated a “buy” rating on shares of The Home Depot in a report on Sunday, July 3rd. Zacks Investment Research downgraded The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. Deutsche Bank AG reiterated a “buy” rating and issued a $143.00 price target on shares of The Home Depot in a report on Friday, June 17th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The Home Depot currently has an average rating of “Buy” and an average price target of $146.86.
In other news, CFO Carol B. Tome sold 97,610 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the transaction, the chief financial officer now owns 644,831 shares in the company, valued at approximately $87,277,875.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy M. Crow sold 49,392 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the transaction, the executive vice president now owns 224,905 shares in the company, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.
The Home Depot Company Profile
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.
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