Afam Capital Inc. acquired a new position in Home Depot, Inc. (The) (NYSE:HD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,000 shares of the home improvement retailer’s stock, valued at approximately $307,000.

Several other institutional investors also recently modified their holdings of the company. Jacobi Capital Management LLC grew its holdings in shares of Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares in the last quarter. Glassman Wealth Services grew its holdings in shares of Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after acquiring an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC grew its holdings in shares of Home Depot by 81.8% in the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after acquiring an additional 495 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of Home Depot by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after acquiring an additional 7 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its holdings in shares of Home Depot by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock valued at $184,000 after acquiring an additional 900 shares in the last quarter. 70.37% of the stock is owned by hedge funds and other institutional investors.

HD has been the subject of several recent analyst reports. BTIG Research upped their target price on Home Depot to $215.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Argus upped their target price on Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Oppenheimer set a $178.00 target price on Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, SunTrust Banks upped their target price on Home Depot to $167.00 and gave the company a “hold” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $182.72.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. 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. (HD) opened at $183.03 on Thursday. Home Depot, Inc. has a twelve month low of $133.05 and a twelve month high of $186.31. The firm has a market capitalization of $212,250.06, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11. 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 (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share. equities research analysts predict that Home Depot, Inc. will post 7.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.89 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.95%. Home Depot’s dividend payout ratio is currently 49.44%.

Home Depot announced that its board has initiated a stock repurchase program 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 reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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About 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 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)

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