Glassman Wealth Services Has $129,000 Position in The Home Depot Inc. (HD)
Glassman Wealth Services increased its stake in shares of The Home Depot Inc. (NYSE:HD) by 8.0% during the second quarter, Holdings Channel reports. The fund owned 1,008 shares of the home improvement retailer’s stock after buying an additional 75 shares during the period. Glassman Wealth Services’ holdings in The Home Depot were worth $129,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in The Home Depot during the second quarter valued at about $337,042,000. Emerald Acquisition Ltd. bought a new stake in The Home Depot during the second quarter valued at about $198,627,000. Jennison Associates LLC raised its stake in The Home Depot by 22.9% in the second quarter. Jennison Associates LLC now owns 7,954,031 shares of the home improvement retailer’s stock valued at $1,015,650,000 after buying an additional 1,483,893 shares during the last quarter. Marsico Capital Management LLC raised its stake in The Home Depot by 605.0% in the first quarter. Marsico Capital Management LLC now owns 1,491,833 shares of the home improvement retailer’s stock valued at $199,055,000 after buying an additional 1,280,239 shares during the last quarter. Finally, Capital Fund Management S.A. raised its stake in The Home Depot by 3,094.3% in the second quarter. Capital Fund Management S.A. now owns 1,048,670 shares of the home improvement retailer’s stock valued at $133,905,000 after buying an additional 1,015,841 shares during the last quarter. 71.86% of the stock is owned by institutional investors and hedge funds.
Shares of The Home Depot Inc. (NYSE:HD) traded up 0.10% during trading on Friday, hitting $126.42. The company had a trading volume of 4,462,055 shares. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00. The firm has a market capitalization of $156.20 billion, a P/E ratio of 21.40 and a beta of 0.97. The stock’s 50-day moving average is $129.05 and its 200 day moving average is $132.39.
The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, hitting the consensus estimate of $1.97. The firm earned $26.47 billion during the quarter, compared to analysts’ expectations of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.71 earnings per share. Equities research analysts predict that The Home Depot Inc. will post $6.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.18%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s payout ratio is 46.54%.
HD has been the subject of several analyst reports. Vetr lowered The Home Depot from a “buy” rating to a “hold” rating and set a $135.32 price objective for the company. in a research note on Monday, July 11th. Jefferies Group reaffirmed a “buy” rating on shares of The Home Depot in a research note on Sunday, July 3rd. Zacks Investment Research lowered The Home Depot from a “buy” rating to a “sell” rating in a research note on Tuesday, July 19th. Deutsche Bank AG reiterated a “buy” rating and issued a $143.00 price target on shares of The Home Depot in a report on Friday, June 17th. Finally, Argus reiterated a “hold” rating and issued a $154.00 price target on shares of The Home Depot in a report on Friday, September 16th. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The Home Depot has an average rating of “Buy” and an average price target of $146.86.
In related news, CFO Carol B. Tome sold 97,610 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the completion of the sale, the chief financial officer now owns 644,831 shares in the company, valued at $87,277,875.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 11,671 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $136.03, for a total value of $1,587,606.13. Following the sale, the executive vice president now owns 44,107 shares of the company’s stock, valued at approximately $5,999,875.21. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
About The Home Depot
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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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