Home Depot, Inc. (The) (HD) Shares Bought by Brighton Jones LLC

Brighton Jones LLC lifted its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 455.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,476 shares of the home improvement retailer’s stock after acquiring an additional 11,868 shares during the quarter. Home Depot, Inc. (The) comprises about 0.5% of Brighton Jones LLC’s investment portfolio, making the stock its 21st biggest holding. Brighton Jones LLC’s holdings in Home Depot, Inc. (The) were worth $2,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Adalta Capital Management LLC acquired a new position in shares of Home Depot, Inc. (The) during the first quarter valued at approximately $4,475,000. Summit Global Investments increased its stake in shares of Home Depot, Inc. (The) by 10.4% during the first quarter. Summit Global Investments now owns 24,661 shares of the home improvement retailer’s stock valued at $3,621,000 after acquiring an additional 2,323 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of Home Depot, Inc. (The) during the first quarter valued at approximately $232,000. Harbour Capital Advisors LLC acquired a new position in shares of Home Depot, Inc. (The) during the first quarter valued at approximately $1,799,000. Finally, Saturna Capital CORP increased its stake in shares of Home Depot, Inc. (The) by 11.1% during the first quarter. Saturna Capital CORP now owns 7,978 shares of the home improvement retailer’s stock valued at $1,171,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 71.45% of the company’s stock.

Shares of Home Depot, Inc. (HD) traded up 0.43% during midday trading on Wednesday, hitting $160.59. 2,129,690 shares of the company’s stock were exchanged. The firm has a market cap of $189.31 billion, a price-to-earnings ratio of 23.11 and a beta of 1.07. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $161.38. The company has a 50-day moving average of $151.30 and a 200-day moving average of $151.51.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. During the same quarter in the prior year, the firm earned $1.97 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts expect that Home Depot, Inc. will post $7.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio is 51.15%.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the completion of the sale, the executive vice president now owns 64,810 shares of the company’s stock, valued at $9,877,044. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matt Carey sold 32,000 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the sale, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Insiders have sold 57,717 shares of company stock valued at $8,916,321 in the last three months. 0.26% of the stock is owned by insiders.

A number of research analysts recently commented on the stock. UBS AG reiterated a “buy” rating and set a $175.00 price objective (up previously from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. BMO Capital Markets restated an “outperform” rating on shares of Home Depot, Inc. (The) in a research report on Tuesday. Jefferies Group LLC restated a “buy” rating and issued a $182.00 price target on shares of Home Depot, Inc. (The) in a research report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and issued a $178.00 price target on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Home Depot, Inc. (The) in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $169.86.

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About Home Depot, Inc. (The)

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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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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