Home Depot Inc (HD) Shares Sold by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System decreased its position in shares of Home Depot Inc (NYSE:HD) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 70,700 shares of the home improvement retailer’s stock after selling 2,900 shares during the period. Home Depot makes up about 0.6% of Louisiana State Employees Retirement System’s holdings, making the stock its 18th biggest holding. Louisiana State Employees Retirement System’s holdings in Home Depot were worth $13,400,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of HD. Wela Strategies Inc. purchased a new stake in shares of Home Depot in the 2nd quarter worth approximately $217,000. Beach Investment Management LLC. grew its stake in shares of Home Depot by 1,023.1% in the 2nd quarter. Beach Investment Management LLC. now owns 68,511 shares of the home improvement retailer’s stock worth $10,510,000 after buying an additional 62,411 shares during the last quarter. Hartland & Co. LLC grew its stake in shares of Home Depot by 5.7% in the 2nd quarter. Hartland & Co. LLC now owns 46,865 shares of the home improvement retailer’s stock worth $7,189,000 after buying an additional 2,545 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its stake in shares of Home Depot by 123.2% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 3,085 shares of the home improvement retailer’s stock worth $473,000 after buying an additional 1,703 shares during the last quarter. Finally, First Personal Financial Services grew its stake in shares of Home Depot by 56.6% in the 2nd quarter. First Personal Financial Services now owns 4,700 shares of the home improvement retailer’s stock worth $721,000 after buying an additional 1,699 shares during the last quarter. Hedge funds and other institutional investors own 69.63% of the company’s stock.
In related news, EVP Edward P. Decker sold 17,660 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total value of $3,308,071.20. Following the transaction, the executive vice president now directly owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Armando M. Codina bought 6,650 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was bought at an average cost of $178.66 per share, for a total transaction of $1,188,089.00. Following the completion of the acquisition, the director now owns 42,300 shares in the company, valued at approximately $7,557,318. The disclosure for this purchase can be found here. Insiders have sold a total of 169,027 shares of company stock worth $31,220,882 over the last three months. Insiders own 0.26% of the company’s stock.
Home Depot Inc (NYSE:HD) opened at $182.16 on Friday. The firm has a market capitalization of $212,717.17, a price-to-earnings ratio of 25.02, a PEG ratio of 1.41 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17. Home Depot Inc has a twelve month low of $144.25 and a twelve month high of $207.60.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.07. The firm had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. sell-side analysts predict that Home Depot Inc will post 9.44 earnings per share for the current fiscal year.
Home Depot declared that its Board of Directors has approved a share buyback program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.26%. This is a boost from Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date is Wednesday, March 7th. Home Depot’s dividend payout ratio is presently 56.59%.
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Home Depot 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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