St. Johns Investment Management Company LLC grew its holdings in shares of Home Depot Inc (NYSE:HD) by 39.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,981 shares of the home improvement retailer’s stock after acquiring an additional 565 shares during the period. St. Johns Investment Management Company LLC’s holdings in Home Depot were worth $340,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Capital International Investors raised its position in shares of Home Depot by 129.2% during the 3rd quarter. Capital International Investors now owns 7,080,765 shares of the home improvement retailer’s stock valued at $1,466,780,000 after acquiring an additional 3,991,462 shares in the last quarter. Packer & Co Ltd raised its position in shares of Home Depot by 441.9% during the 4th quarter. Packer & Co Ltd now owns 1,239,800 shares of the home improvement retailer’s stock valued at $39,312,000 after acquiring an additional 1,011,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Home Depot by 282.2% during the 3rd quarter. Renaissance Technologies LLC now owns 1,281,506 shares of the home improvement retailer’s stock valued at $265,464,000 after acquiring an additional 946,206 shares in the last quarter. FMR LLC raised its position in shares of Home Depot by 2.8% during the 3rd quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock valued at $6,175,512,000 after acquiring an additional 813,882 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Home Depot by 151.6% during the 3rd quarter. SG Americas Securities LLC now owns 147,955 shares of the home improvement retailer’s stock valued at $30,649,000 after acquiring an additional 434,426 shares in the last quarter. Institutional investors own 70.93% of the company’s stock.
Several equities research analysts recently issued reports on the company. Robert W. Baird reissued a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. Morgan Stanley upped their price target on Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Telsey Advisory Group reissued a “market perform” rating and set a $192.00 price target on shares of Home Depot in a research report on Wednesday, May 1st. Zacks Investment Research lowered Home Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, Bank of America reissued a “neutral” rating and set a $202.00 price target on shares of Home Depot in a research report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $204.71.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.09. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The firm had revenue of $26.49 billion for the quarter, compared to analyst estimates of $26.57 billion. During the same period last year, the company earned $1.69 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that Home Depot Inc will post 10.08 EPS for the current fiscal year.
Home Depot declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 26th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
In other Home Depot news, EVP Edward P. Decker sold 23,744 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total value of $4,343,489.92. Following the sale, the executive vice president now directly owns 86,813 shares of the company’s stock, valued at $15,880,702.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Holifield sold 12,000 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $183.60, for a total value of $2,203,200.00. Following the transaction, the executive vice president now directly owns 39,794 shares in the company, valued at $7,306,178.40. The disclosure for this sale can be found here. Insiders sold 41,194 shares of company stock worth $7,553,141 over the last ninety days. 0.27% of the stock is owned by corporate insiders.
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About Home Depot
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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