Sanders Morris Harris LLC lessened its stake in shares of Home Depot Inc (NYSE:HD) by 14.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,819 shares of the home improvement retailer’s stock after selling 800 shares during the period. Sanders Morris Harris LLC’s holdings in Home Depot were worth $828,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of HD. Amussen Hunsaker Associates LLC bought a new stake in Home Depot during the second quarter worth approximately $107,000. Mainstay Capital Management LLC ADV boosted its holdings in Home Depot by 203.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after buying an additional 400 shares in the last quarter. Highwater Wealth Management LLC bought a new stake in Home Depot during the fourth quarter worth approximately $124,000. Capital Advisors Ltd. LLC boosted its holdings in Home Depot by 162.0% during the third quarter. Capital Advisors Ltd. LLC now owns 613 shares of the home improvement retailer’s stock worth $127,000 after buying an additional 379 shares in the last quarter. Finally, Fort L.P. bought a new stake in Home Depot during the second quarter worth approximately $120,000. Institutional investors and hedge funds own 68.22% of the company’s stock.
A number of analysts recently weighed in on HD shares. Edward Jones upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Credit Suisse Group reduced their target price on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating for the company in a report on Thursday, November 15th. DZ Bank cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Deutsche Bank raised their target price on shares of Home Depot from $200.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Finally, Bank of America set a $195.00 target price on shares of Home Depot and gave the stock a “hold” rating in a report on Monday, December 10th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $203.41.
Home Depot stock opened at $181.61 on Friday. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.11 and a quick ratio of 0.28. The company has a market capitalization of $204.02 billion, a P/E ratio of 18.36, a PEG ratio of 1.58 and a beta of 1.09.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.09. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The firm had revenue of $26.49 billion during the quarter, compared to analyst estimates of $26.57 billion. During the same quarter last year, the business posted $1.69 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Equities analysts forecast that Home Depot Inc will post 10.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be paid a $1.36 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $1.03. The ex-dividend date is Wednesday, March 13th. This represents a $5.44 dividend on an annualized basis and a yield of 3.00%. Home Depot’s dividend payout ratio (DPR) is currently 41.66%.
Home Depot announced that its Board of Directors has initiated a share repurchase plan on Tuesday, February 26th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to buy up to 6.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
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Home Depot Company 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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