FTB Advisors Inc. boosted its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,446 shares of the home improvement retailer’s stock after buying an additional 1,101 shares during the period. FTB Advisors Inc.’s holdings in Home Depot, Inc. (The) were worth $1,856,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. raised its stake in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares in the last quarter. CT Financial Advisors LLC raised its stake in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. University of Texas Investment Managment Co. bought a new stake in Home Depot, Inc. (The) during the first quarter valued at $132,000. Peoples Financial Services CORP. raised its stake in Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock valued at $151,000 after buying an additional 125 shares in the last quarter. Finally, Edge Wealth Management LLC raised its stake in Home Depot, Inc. (The) by 5.0% in the first quarter. Edge Wealth Management LLC now owns 1,125 shares of the home improvement retailer’s stock valued at $165,000 after buying an additional 54 shares in the last quarter. 71.27% of the stock is owned by hedge funds and other institutional investors.
Home Depot, Inc. (NYSE HD) traded up 0.94% during midday trading on Friday, reaching $149.65. The company had a trading volume of 3,047,971 shares. The stock’s 50 day moving average price is $150.67 and its 200-day moving average price is $150.48. The firm has a market capitalization of $176.41 billion, a P/E ratio of 21.54 and a beta of 1.08. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86.
Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. During the same quarter in the previous year, the firm posted $1.97 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Home Depot, Inc. will post $7.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is currently 51.15%.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $178.00 price objective (up from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 price objective for the company in a research note on Tuesday, May 30th. Longbow Research reissued a “buy” rating and set a $175.00 price objective on shares of Home Depot, Inc. (The) in a research note on Monday, August 14th. Finally, BidaskClub lowered Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $169.77.
In other news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total value of $1,633,270.80. Following the sale, the executive vice president now owns 64,810 shares of the company’s stock, valued at $9,877,044. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the completion of the sale, the executive vice president now directly owns 33,147 shares in the company, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. 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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