Roberts Glore & Co. Inc. IL acquired a new position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,873 shares of the home improvement retailer’s stock, valued at approximately $1,013,000.
Several other hedge funds and other institutional investors also recently modified their holdings of HD. Jupiter Topco LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at about $656,190,000. J. Goldman & Co LP bought a new stake in Home Depot in the second quarter valued at about $13,428,000. EFG International AG acquired a new stake in Home Depot during the second quarter valued at approximately $14,832,000. Ancora Advisors LLC acquired a new stake in Home Depot during the second quarter valued at approximately $36,075,000. Finally, Delos Wealth Advisors LLC bought a new position in Home Depot during the 2nd quarter worth approximately $65,000. Institutional investors own 70.86% of the company’s stock.
Home Depot Price Performance
Shares of NYSE:HD opened at $328.52 on Tuesday. The firm’s 50 day moving average is $341.00 and its two-hundred day moving average is $338.03. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $327.76 billion, a P/E ratio of 22.99, a PEG ratio of 3.64 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.
Home Depot Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Mizuho boosted their price target on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Citigroup dropped their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $398.00 price target on shares of Home Depot in a report on Tuesday, August 18th. Finally, Telsey Advisory Group dropped their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.54.
View Our Latest Analysis on HD
Insider Activity
In other news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares of the company’s stock, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 2,455 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 9,154 shares of company stock worth $3,132,798. Corporate insiders own 0.08% of the company’s stock.
Home Depot Profile
The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.
Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.
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