Cerebellum GP LLC acquired a new position in Home Depot Inc (NYSE:HD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 946 shares of the home improvement retailer’s stock, valued at approximately $179,000.
Other institutional investors have also recently modified their holdings of the company. WoodTrust Financial Corp purchased a new stake in Home Depot during the 4th quarter worth approximately $312,000. Duncker Streett & Co. Inc. grew its position in Home Depot by 29.2% during the 4th quarter. Duncker Streett & Co. Inc. now owns 21,255 shares of the home improvement retailer’s stock worth $4,029,000 after purchasing an additional 4,800 shares during the last quarter. Rothschild Investment Corp IL grew its position in Home Depot by 2.1% during the 4th quarter. Rothschild Investment Corp IL now owns 17,190 shares of the home improvement retailer’s stock worth $3,258,000 after purchasing an additional 350 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Home Depot during the 4th quarter worth approximately $1,329,000. Finally, CENTRAL TRUST Co grew its position in Home Depot by 1.1% during the 4th quarter. CENTRAL TRUST Co now owns 139,228 shares of the home improvement retailer’s stock worth $26,387,000 after purchasing an additional 1,517 shares during the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.
Home Depot stock opened at $178.02 on Thursday. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69. Home Depot Inc has a 12 month low of $144.25 and a 12 month high of $207.60. The stock has a market cap of $206,808.36, a price-to-earnings ratio of 24.45, a P/E/G ratio of 1.42 and a beta of 1.14.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, March 7th. This is a boost from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.31%. Home Depot’s dividend payout ratio is currently 56.59%.
Home Depot declared that its board has authorized a share buyback program on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
HD has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on shares of Home Depot from $191.00 to $213.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. BTIG Research lifted their price objective on shares of Home Depot to $215.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Jefferies Group restated a “buy” rating and set a $223.00 price objective on shares of Home Depot in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Tuesday, February 6th. Finally, Credit Suisse Group restated an “outperform” rating and set a $183.00 price objective (up from $175.00) on shares of Home Depot in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and a consensus target price of $193.15.
In other Home Depot news, EVP Ann Marie Campbell sold 37,680 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $186.26, for a total transaction of $7,018,276.80. Following the completion of the transaction, the executive vice president now directly owns 53,459 shares in the company, valued at $9,957,273.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edward P. Decker sold 17,660 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the transaction, the executive vice president now owns 73,815 shares of the company’s stock, valued at $13,827,025.80. The disclosure for this sale can be found here. Insiders have sold 169,027 shares of company stock valued at $31,220,882 over the last 90 days. 0.26% of the stock is currently owned by company insiders.
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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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