Corbenic Partners LLC bought a new stake in Home Depot Inc (NYSE:HD) during the fourth quarter, Holdings Channel.com reports. The fund bought 233 shares of the home improvement retailer’s stock, valued at approximately $51,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Enterprise Trust & Investment Co acquired a new stake in shares of Home Depot during the 3rd quarter valued at about $27,000. Julex Capital Management LLC bought a new stake in Home Depot in the third quarter valued at about $29,000. Proffitt & Goodson Inc. raised its position in Home Depot by 106.2% in the third quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 69 shares in the last quarter. Financial Advantage Inc. acquired a new position in Home Depot in the third quarter worth about $37,000. Finally, Atwater Malick LLC acquired a new position in Home Depot in the third quarter worth about $39,000. 69.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:HD traded up $1.51 during midday trading on Tuesday, reaching $224.85. The company’s stock had a trading volume of 163,923 shares, compared to its average volume of 4,303,189. The business’s fifty day simple moving average is $218.72 and its 200-day simple moving average is $222.06. Home Depot Inc has a fifty-two week low of $172.00 and a fifty-two week high of $239.31. The company has a market capitalization of $244.59 billion, a P/E ratio of 22.73, a P/E/G ratio of 1.98 and a beta of 1.00.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.53. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The business had revenue of $27.22 billion for the quarter, compared to the consensus estimate of $27.51 billion. During the same quarter in the prior year, the company earned $2.51 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts predict that Home Depot Inc will post 10.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.42%. Home Depot’s payout ratio is 55.01%.
In related news, EVP Teresa Wynn Roseborough sold 12,974 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $213.70, for a total value of $2,772,543.80. Following the transaction, the executive vice president now owns 26,335 shares in the company, valued at $5,627,789.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Craig A. Menear sold 113,468 shares of Home Depot stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $211.24, for a total value of $23,968,980.32. Following the completion of the sale, the chief executive officer now owns 277,604 shares of the company’s stock, valued at $58,641,068.96. The disclosure for this sale can be found here. Insiders have sold 126,552 shares of company stock worth $26,765,281 over the last quarter. 0.27% of the stock is owned by company insiders.
A number of research firms have weighed in on HD. Nomura decreased their price objective on Home Depot from $237.00 to $224.00 and set a “neutral” rating on the stock in a report on Thursday, December 12th. Raymond James reissued an “outperform” rating and issued a $250.00 target price on shares of Home Depot in a report on Tuesday, October 8th. ValuEngine raised Home Depot from a “sell” rating to a “hold” rating in a report on Thursday, December 26th. Wells Fargo & Co reissued a “buy” rating and issued a $260.00 target price on shares of Home Depot in a report on Tuesday, November 19th. Finally, Jefferies Financial Group increased their target price on Home Depot from $246.00 to $268.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have given a buy rating to the company. Home Depot currently has a consensus rating of “Buy” and an average price target of $237.31.
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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