Almanack Investment Partners LLC. Purchases Shares of 1,578 Home Depot, Inc. (The) (HD)

Almanack Investment Partners LLC. purchased a new stake in Home Depot, Inc. (The) (NYSE:HD) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,578 shares of the home improvement retailer’s stock, valued at approximately $232,000.

A number of other hedge funds also recently bought and sold shares of HD. Karp Capital Management Corp acquired a new position in Home Depot, Inc. (The) during the first quarter worth about $99,739,000. Baystate Wealth Management LLC raised its stake in Home Depot, Inc. (The) by 155.7% during the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock worth $441,000 after acquiring an additional 1,831 shares in the last quarter. Paragon Wealth Strategies LLC raised its stake in Home Depot, Inc. (The) by 18.7% during the first quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock worth $267,000 after acquiring an additional 286 shares in the last quarter. Comerica Securities Inc. grew its holdings in shares of Home Depot, Inc. (The) by 111.7% during the first quarter. Comerica Securities Inc. now owns 9,800 shares of the home improvement retailer’s stock worth $1,439,000 after purchasing an additional 5,170 shares during the last quarter. Finally, CIBC World Markets Inc. grew its holdings in shares of Home Depot, Inc. (The) by 143.0% during the first quarter. CIBC World Markets Inc. now owns 506,446 shares of the home improvement retailer’s stock worth $74,361,000 after purchasing an additional 298,027 shares during the last quarter. 71.45% of the stock is owned by institutional investors and hedge funds.

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of the sale, the executive vice president now owns 64,810 shares in the company, valued at $9,877,044. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the sale, the executive vice president now 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. In the last 90 days, insiders sold 57,717 shares of company stock valued at $8,916,321. Company insiders own 0.26% of the company’s stock.

Home Depot, Inc. (NYSE HD) traded up 1.17% on Tuesday, hitting $160.23. The stock had a trading volume of 2,973,768 shares. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The company has a market capitalization of $188.88 billion, a price-to-earnings ratio of 23.06 and a beta of 1.07. The firm has a 50-day moving average of $151.09 and a 200 day moving average of $151.46.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is 51.15%.

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Several analysts have recently weighed in on the company. Robert W. Baird set a $175.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Sunday. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Monday. Vetr cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target on the stock. in a report on Monday, June 19th. BMO Capital Markets restated an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Tuesday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $175.00 price target (up from $154.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $169.86.

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

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