Home Depot, Inc. (The) (HD) Holdings Lifted by Bristlecone Advisors LLC
Bristlecone Advisors LLC boosted its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,814 shares of the home improvement retailer’s stock after buying an additional 225 shares during the quarter. Home Depot, Inc. (The) accounts for approximately 0.9% of Bristlecone Advisors LLC’s investment portfolio, making the stock its 29th largest position. Bristlecone Advisors LLC’s holdings in Home Depot, Inc. (The) were worth $2,733,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of HD. Quantitative Systematic Strategies LLC grew its holdings in shares of Home Depot, Inc. (The) by 12.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 19,718 shares of the home improvement retailer’s stock worth $3,001,000 after purchasing an additional 2,139 shares during the last quarter. Karp Capital Management Corp purchased a new position in Home Depot, Inc. (The) in the 1st quarter worth about $99,739,000. Baystate Wealth Management LLC increased its stake in Home Depot, Inc. (The) by 155.7% in the 1st quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock worth $441,000 after buying an additional 1,831 shares during the period. Comerica Securities Inc. increased its stake in Home Depot, Inc. (The) by 111.7% in the 1st quarter. Comerica Securities Inc. now owns 9,800 shares of the home improvement retailer’s stock worth $1,439,000 after buying an additional 5,170 shares during the period. Finally, Paragon Wealth Strategies LLC lifted its holdings in Home Depot, Inc. (The) by 18.7% during the 1st quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock valued at $267,000 after buying an additional 286 shares in the last quarter. Institutional investors and hedge funds own 71.39% of the company’s stock.
Several research firms have recently weighed in on HD. Gordon Haskett started coverage on shares of Home Depot, Inc. (The) in a research note on Tuesday. They set a “buy” rating and a $189.00 price target for the company. Piper Jaffray Companies restated a “hold” rating and set a $164.00 price objective on shares of Home Depot, Inc. (The) in a report on Sunday. Zacks Investment Research downgraded Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird set a $175.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Sunday, September 10th. Finally, Vetr lowered Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price for the company. in a research report on Monday, June 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $172.38.
In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now directly owns 64,810 shares in the company, valued at approximately $9,877,044. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. The disclosure for this sale can be found here. Insiders sold a total of 57,717 shares of company stock worth $8,916,321 in the last ninety days. 0.26% of the stock is owned by corporate insiders.
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Shares of Home Depot, Inc. (NYSE HD) opened at 165.17 on Wednesday. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $165.28. The firm has a market cap of $194.71 billion, a PE ratio of 23.77 and a beta of 1.07. The stock’s 50 day moving average is $155.78 and its 200-day moving average is $153.08.
Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were given a $0.89 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a yield of 2.16%. Home Depot, Inc. (The)’s payout ratio is currently 51.15%.
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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