ST Germain D J Co. Inc. grew its stake in Home Depot Inc (NYSE:HD) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,740 shares of the home improvement retailer’s stock after acquiring an additional 316 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Home Depot were worth $775,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in Home Depot by 2,013.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after buying an additional 3,162,631 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in Home Depot by 15,121.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after buying an additional 1,852,784 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in Home Depot during the 2nd quarter valued at about $133,780,000. Parametric Portfolio Associates LLC grew its stake in Home Depot by 35.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after purchasing an additional 850,074 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Home Depot by 14.4% during the 2nd quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after purchasing an additional 761,586 shares during the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.
Several analysts have weighed in on the company. Piper Jaffray Companies reiterated a “hold” rating and set a $164.00 price target on shares of Home Depot in a research note on Sunday, October 1st. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird reiterated an “outperform” rating and set a $195.00 price target on shares of Home Depot in a research note on Thursday, November 30th. Oppenheimer reiterated a “buy” rating on shares of Home Depot in a research note on Tuesday, December 26th. Finally, SunTrust Banks boosted their price target on Home Depot to $167.00 and gave the company a “hold” rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and a consensus price target of $183.28.
Home Depot Inc (HD) opened at $194.68 on Friday. The stock has a market capitalization of $227,340.00, a PE ratio of 27.00, a PEG ratio of 1.96 and a beta of 1.11. 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 Inc has a fifty-two week low of $133.94 and a fifty-two week high of $194.73.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. Home Depot’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. sell-side analysts expect that Home Depot Inc will post 7.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a yield of 1.83%. Home Depot’s payout ratio is 49.38%.
Home Depot declared that its board has authorized a share repurchase program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
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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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