3,731 Shares in The Home Depot, Inc. (NYSE:HD) Bought by Capital Group Private Client Services Inc.


Capital Group Private Client Services Inc. bought a new position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,731 shares of the home improvement retailer’s stock, valued at approximately $1,117,000.

Several other large investors have also bought and sold shares of HD. Qube Research & Technologies Ltd bought a new position in shares of Home Depot in the 4th quarter worth about $1,868,000. Financial Partners Group Inc raised its position in shares of Home Depot by 6.8% in the 4th quarter. Financial Partners Group Inc now owns 1,111 shares of the home improvement retailer’s stock worth $408,000 after acquiring an additional 71 shares in the last quarter. Covestor Ltd bought a new position in shares of Home Depot in the 4th quarter worth about $246,000. Charter Research & Investment Group Inc. raised its position in shares of Home Depot by 0.7% in the 4th quarter. Charter Research & Investment Group Inc. now owns 9,561 shares of the home improvement retailer’s stock worth $3,968,000 after acquiring an additional 68 shares in the last quarter. Finally, Brasada Capital Management LP raised its position in shares of Home Depot by 11.1% in the 4th quarter. Brasada Capital Management LP now owns 24,231 shares of the home improvement retailer’s stock worth $9,068,000 after acquiring an additional 2,412 shares in the last quarter. 68.66% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of NYSE HD opened at $299.77 on Monday. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $420.61. The stock’s 50 day moving average price is $300.92 and its 200-day moving average price is $302.04. The company has a market capitalization of $306.88 billion, a PE ratio of 18.42, a PEG ratio of 1.61 and a beta of 0.99. The company has a quick ratio of 0.25, a current ratio of 1.18 and a debt-to-equity ratio of 165.70.

Home Depot (NYSE:HDGet Rating) last announced its earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share for the quarter, topping analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The firm had revenue of $43.79 billion for the quarter, compared to the consensus estimate of $43.33 billion. During the same quarter in the previous year, the business earned $4.53 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that The Home Depot, Inc. will post 16.56 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a $1.90 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.54%. Home Depot’s payout ratio is presently 46.71%.

Home Depot announced that its board has approved a share repurchase program on Thursday, August 18th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HD. Robert W. Baird lifted their price objective on Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Morgan Stanley lifted their price objective on Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Evercore ISI lowered their price objective on Home Depot to $360.00 in a research report on Thursday, June 9th. Guggenheim raised their target price on Home Depot from $350.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, DA Davidson raised their target price on Home Depot to $334.00 in a research note on Monday, August 22nd. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $365.95.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total value of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares in the company, valued at approximately $10,917,927.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.17% of the company’s stock.

Home Depot Company Profile

(Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Read More

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

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.

Related Posts