Seatown Holdings Pte. Ltd. Acquires Shares of 31,000 Home Depot Inc (HD)

Seatown Holdings Pte. Ltd. acquired a new stake in shares of Home Depot Inc (NYSE:HD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 31,000 shares of the home improvement retailer’s stock, valued at approximately $5,070,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Home Depot by 0.9% in the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after acquiring an additional 703,292 shares during the period. Capital Research Global Investors grew its stake in shares of Home Depot by 0.9% in the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after acquiring an additional 170,139 shares during the period. Northern Trust Corp grew its stake in shares of Home Depot by 1.3% in the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after acquiring an additional 222,958 shares during the period. Alliancebernstein L.P. grew its stake in shares of Home Depot by 1.1% in the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after acquiring an additional 84,750 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Home Depot by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after acquiring an additional 761,586 shares during the period. Institutional investors and hedge funds own 70.18% of the company’s stock.

HD has been the subject of a number of research analyst reports. BTIG Research lifted their price target on shares of Home Depot to $215.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Argus lifted their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Oppenheimer set a $178.00 price target on shares of Home Depot and gave the stock a “buy” rating in a research note on Tuesday, November 14th. SunTrust Banks lifted their price target on shares of Home Depot to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, November 15th. Finally, Telsey Advisory Group lifted their price target on shares of Home Depot from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $184.39.

Home Depot Inc (NYSE HD) opened at $201.33 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot Inc has a 1-year low of $134.60 and a 1-year high of $201.33. The firm has a market cap of $235,100.00, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. equities research analysts forecast that Home Depot Inc will post 7.39 EPS for the current fiscal year.

Home Depot announced that its board has initiated a stock repurchase plan on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the transaction, 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 through the SEC website. 0.26% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: This article was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://stocknewstimes.com/2018/01/20/seatown-holdings-pte-ltd-takes-position-in-home-depot-inc-hd.html.

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.

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply