Diligent Investors LLC Takes Position in Home Depot Inc (HD)
Diligent Investors LLC purchased a new stake in shares of Home Depot Inc (NYSE:HD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,341 shares of the home improvement retailer’s stock, valued at approximately $314,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Stelliam Investment Management LP bought a new position in shares of Home Depot during the fourth quarter valued at $42,570,000. Exchange Capital Management Inc. boosted its position in shares of Home Depot by 1.7% in the fourth quarter. Exchange Capital Management Inc. now owns 31,222 shares of the home improvement retailer’s stock valued at $4,186,000 after buying an additional 508 shares during the last quarter. Monetary Management Group Inc. boosted its position in shares of Home Depot by 3.3% in the fourth quarter. Monetary Management Group Inc. now owns 38,051 shares of the home improvement retailer’s stock valued at $5,102,000 after buying an additional 1,226 shares during the last quarter. Nicholas Co. Inc. WI bought a new position in shares of Home Depot during the fourth quarter valued at $46,400,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Home Depot during the fourth quarter valued at $165,000. 71.53% of the stock is currently owned by hedge funds and other institutional investors.
Home Depot Inc (NYSE:HD) traded up 0.88% during mid-day trading on Friday, hitting $150.03. 3,929,098 shares of the stock traded hands. The company’s 50 day moving average is $147.32 and its 200 day moving average is $136.43. Home Depot Inc has a 12 month low of $119.20 and a 12 month high of $150.15. The company has a market cap of $180.47 billion, a P/E ratio of 23.26 and a beta of 1.09.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 21st. The home improvement retailer reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.11. The firm earned $22.21 billion during the quarter, compared to analyst estimates of $21.74 billion. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. On average, analysts expect that Home Depot Inc will post $7.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.39%. This is a positive change from Home Depot’s previous quarterly dividend of $0.69. The ex-dividend date was Tuesday, March 7th. Home Depot’s payout ratio is 44.66%.
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Several equities research analysts have issued reports on HD shares. Citigroup Inc restated a “buy” rating on shares of Home Depot in a research report on Wednesday, December 28th. Credit Suisse Group AG set a $148.00 price objective on shares of Home Depot and gave the stock a “buy” rating in a research report on Saturday, February 18th. Argus boosted their price objective on shares of Home Depot to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $148.00 target price on shares of Home Depot in a research note on Wednesday, December 28th. Finally, Vetr raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $153.35 target price on the stock in a research note on Monday, April 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Home Depot has a consensus rating of “Buy” and a consensus price target of $150.23.
About Home Depot
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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