Private Ocean LLC raised its stake in shares of Home Depot Inc (NYSE:HD) by 19.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 924 shares of the home improvement retailer’s stock after purchasing an additional 151 shares during the period. Private Ocean LLC’s holdings in Home Depot were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp boosted its stake in Home Depot by 2.6% in the third quarter. Karp Capital Management Corp now owns 7,480 shares of the home improvement retailer’s stock valued at $1,736,000 after acquiring an additional 188 shares in the last quarter. Bourgeon Capital Management LLC purchased a new position in shares of Home Depot in the third quarter worth $46,000. Notis McConarty Edward raised its holdings in shares of Home Depot by 3.6% in the third quarter. Notis McConarty Edward now owns 13,807 shares of the home improvement retailer’s stock worth $3,203,000 after buying an additional 477 shares during the last quarter. Pettyjohn Wood & White Inc. raised its holdings in shares of Home Depot by 18.4% in the third quarter. Pettyjohn Wood & White Inc. now owns 38,956 shares of the home improvement retailer’s stock worth $9,038,000 after buying an additional 6,067 shares during the last quarter. Finally, Haverford Trust Co. raised its holdings in shares of Home Depot by 3.4% in the third quarter. Haverford Trust Co. now owns 88,211 shares of the home improvement retailer’s stock worth $20,467,000 after buying an additional 2,931 shares during the last quarter. Hedge funds and other institutional investors own 69.62% of the company’s stock.
Shares of HD opened at $220.51 on Monday. The company has a market capitalization of $243.26 billion, a PE ratio of 22.30, a P/E/G ratio of 2.24 and a beta of 1.04. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $239.31. The company has a 50-day simple moving average of $231.93 and a 200-day simple moving average of $217.30.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 19th. The home improvement retailer reported $2.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $2.53. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The firm had revenue of $27.22 billion for the quarter, compared to analysts’ expectations of $27.51 billion. During the same period in the prior year, the company earned $2.51 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts forecast that Home Depot Inc will post 10.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $5.44 annualized dividend and a dividend yield of 2.47%. Home Depot’s dividend payout ratio is currently 55.01%.
Several research analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Home Depot from $230.00 to $245.00 and gave the stock an “accumulate” rating in a report on Tuesday, November 19th. Oppenheimer lifted their price objective on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Raymond James reiterated an “outperform” rating and issued a $250.00 target price on shares of Home Depot in a research report on Tuesday, October 8th. Longbow Research restated a “buy” rating and set a $255.00 price target on shares of Home Depot in a research report on Wednesday, November 20th. Finally, Wedbush reaffirmed a “neutral” rating and set a $230.00 target price on shares of Home Depot in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $235.29.
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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