Polaris Greystone Financial Group LLC Boosts Holdings in Home Depot Inc (HD)

Polaris Greystone Financial Group LLC raised its position in Home Depot Inc (NYSE:HD) by 23.3% in the 3rd quarter, Holdings Channel reports. The firm owned 3,864 shares of the home improvement retailer’s stock after buying an additional 731 shares during the period. Polaris Greystone Financial Group LLC’s holdings in Home Depot were worth $632,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Jacobi Capital Management LLC raised its position in shares of Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after acquiring an additional 101 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Home Depot by 63.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after acquiring an additional 340 shares during the last quarter. Glassman Wealth Services raised its position in shares of Home Depot by 38.3% during the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after acquiring an additional 300 shares during the last quarter. St. Johns Investment Management Company LLC raised its position in shares of Home Depot by 81.8% during the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after acquiring an additional 495 shares during the last quarter. Finally, Mascoma Wealth Management LLC raised its position in shares of Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after acquiring an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 70.14% of the company’s stock.

Shares of Home Depot Inc (NYSE HD) opened at $196.42 on Friday. 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 one year low of $133.94 and a one year high of $199.42. The company has a market capitalization of $229,370.00, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter last year, the firm posted $1.60 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities research analysts expect that Home Depot Inc will post 7.37 EPS for the current fiscal year.

Home Depot announced that its Board of Directors has approved a share buyback plan on Wednesday, December 6th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were paid a $0.89 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a yield of 1.81%. Home Depot’s dividend payout ratio (DPR) is presently 49.38%.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

A number of brokerages have recently issued reports on HD. Telsey Advisory Group raised their price objective on Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Robert W. Baird restated an “outperform” rating and set a $195.00 price objective on shares of Home Depot in a research report on Thursday, November 30th. SunTrust Banks raised their price objective on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Bank of America raised their price objective on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot currently has an average rating of “Buy” and a consensus target price of $183.28.

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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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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