Cypress Wealth Advisors LLC Decreases Holdings in Home Depot, Inc. (The) (HD)
Cypress Wealth Advisors LLC lowered its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 65.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,436 shares of the home improvement retailer’s stock after selling 2,773 shares during the period. Cypress Wealth Advisors LLC’s holdings in Home Depot were worth $220,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new stake in shares of Home Depot during the 1st quarter valued at $100,000. Jacobi Capital Management LLC boosted its stake in shares of Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the period. Glassman Wealth Services boosted its stake in shares of Home Depot by 38.3% during the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares during the period. St. Johns Investment Management Company LLC boosted its stake in shares of Home Depot by 81.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after buying an additional 495 shares during the period. Finally, Mascoma Wealth Management LLC boosted its stake in shares of Home Depot by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares during the period. 70.37% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the stock. Moffett Nathanson began coverage on shares of Home Depot in a research note on Monday, December 4th. They set a “buy” rating for the company. Morgan Stanley set a $185.00 price target on shares of Home Depot and gave the company a “buy” rating in a report on Friday, December 8th. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Monday. Oppenheimer restated a “buy” rating on shares of Home Depot in a report on Thursday, December 7th. Finally, Credit Suisse Group restated a “hold” rating on shares of Home Depot in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $182.06.
Shares of Home Depot, Inc. (NYSE HD) traded up $0.93 on Wednesday, reaching $182.73. 365,890 shares of the company traded hands, compared to its average volume of 4,476,013. The company has a market cap of $212,822.27, a P/E ratio of 25.31, a PEG ratio of 1.85 and a beta of 1.11. Home Depot, Inc. has a 12-month low of $133.05 and a 12-month high of $186.31. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. equities research analysts forecast that Home Depot, Inc. will post 7.37 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 1.95%. Home Depot’s dividend payout ratio (DPR) is presently 49.44%.
Home Depot declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
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Home Depot Company Profile
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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