First National Bank of Omaha lowered its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,662 shares of the home improvement retailer’s stock after selling 6,134 shares during the period. Home Depot, Inc. (The) accounts for about 1.1% of First National Bank of Omaha’s portfolio, making the stock its 14th largest position. First National Bank of Omaha’s holdings in Home Depot, Inc. (The) were worth $17,070,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. RB Capital Management LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $321,000. ARS Investment Partners LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $404,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Home Depot, Inc. (The) by 261.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 220,300 shares of the home improvement retailer’s stock valued at $29,538,000 after buying an additional 159,407 shares in the last quarter. Worth Venture Partners LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $203,000. Finally, Bridgeworth LLC acquired a new position in Home Depot, Inc. (The) during the fourth quarter valued at $421,000. 71.27% of the stock is currently owned by institutional investors.
Shares of Home Depot, Inc. (HD) opened at 147.49 on Friday. The stock has a 50 day moving average of $151.15 and a 200-day moving average of $150.06. The stock has a market capitalization of $174.48 billion, a P/E ratio of 21.23 and a beta of 1.08. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86.
Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. 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 prior year, the business posted $1.97 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts predict that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.41%. Home Depot, Inc. (The)’s payout ratio is currently 51.15%.
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Several research firms have recently weighed in on HD. UBS AG reiterated a “buy” rating and issued a $175.00 target price on shares of Home Depot, Inc. (The) in a research note on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a $178.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday. Bank of America Corporation set a $180.00 target price on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday. Barclays PLC set a $165.00 target price on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wedbush reaffirmed a “market perform” rating on shares of Home Depot, Inc. (The) in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $169.81.
In other news, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the transaction, the executive vice president now owns 64,810 shares in the company, valued at approximately $9,877,044. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.
Home Depot, Inc. (The) 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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