Moon Capital Management LLC Has $432,000 Position in Home Depot, Inc. (The) (HD)
Moon Capital Management LLC maintained its position in Home Depot, Inc. (The) (NYSE:HD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,818 shares of the home improvement retailer’s stock at the close of the 2nd quarter. Moon Capital Management LLC’s holdings in Home Depot, Inc. (The) were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in Home Depot, Inc. (The) during the first quarter valued at about $100,000. Riggs Asset Managment Co. Inc. boosted its position in shares of Home Depot, Inc. (The) by 114.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after purchasing an additional 397 shares during the period. University of Texas Investment Managment Co. purchased a new position in Home Depot, Inc. (The) in the 1st quarter worth about $132,000. Motco increased its stake in Home Depot, Inc. (The) by 79.3% in the 1st quarter. Motco now owns 1,244 shares of the home improvement retailer’s stock worth $183,000 after purchasing an additional 550 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its stake in Home Depot, Inc. (The) by 32.2% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the home improvement retailer’s stock worth $196,000 after purchasing an additional 326 shares in the last quarter. Institutional investors own 71.39% of the company’s stock.
Home Depot, Inc. (NYSE:HD) traded up 0.46% during midday trading on Tuesday, hitting $164.77. The stock had a trading volume of 1,487,230 shares. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $165.15. The company has a 50-day moving average of $155.47 and a 200-day moving average of $152.97. The stock has a market cap of $194.23 billion, a price-to-earnings ratio of 23.71 and a beta of 1.07.
Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The firm had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. During the same period in the previous year, the firm posted $1.97 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Home Depot, Inc. will post $7.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.17%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.
In other news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now directly owns 62,483 shares in the company, valued at $9,816,079.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 10,717 shares of the firm’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 transaction, the executive vice president now owns 64,810 shares of the company’s stock, valued at $9,877,044. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,717 shares of company stock worth $8,916,321. 0.26% of the stock is owned by company insiders.
Several research firms have weighed in on HD. Gordon Haskett began coverage on shares of Home Depot, Inc. (The) in a research report on Tuesday. They set a “buy” rating and a $189.00 price objective on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $164.00 target price on shares of Home Depot, Inc. (The) in a research report on Sunday. Zacks Investment Research lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Royal Bank Of Canada restated a “buy” rating and set a $179.00 price target on shares of Home Depot, Inc. (The) in a report on Monday, September 18th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $172.38.
About Home Depot, Inc. (The)
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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