Atlantic Trust LLC Purchases 2,309 Shares of Home Depot, Inc. (The) (HD)
Atlantic Trust LLC increased its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 12.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,332 shares of the home improvement retailer’s stock after buying an additional 2,309 shares during the quarter. Home Depot accounts for 2.5% of Atlantic Trust LLC’s portfolio, making the stock its 8th biggest holding. Atlantic Trust LLC’s holdings in Home Depot were worth $3,119,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in HD. WFG Advisors LP lifted its stake in Home Depot by 9.8% during the second quarter. WFG Advisors LP now owns 10,692 shares of the home improvement retailer’s stock worth $1,640,000 after purchasing an additional 955 shares during the period. Rikoon Group LLC lifted its stake in Home Depot by 0.5% during the second quarter. Rikoon Group LLC now owns 20,961 shares of the home improvement retailer’s stock worth $3,215,000 after purchasing an additional 100 shares during the period. Cetera Investment Advisers lifted its stake in Home Depot by 16.3% during the second quarter. Cetera Investment Advisers now owns 10,599 shares of the home improvement retailer’s stock worth $1,626,000 after purchasing an additional 1,484 shares during the period. EP Wealth Advisors LLC lifted its stake in Home Depot by 24.8% during the second quarter. EP Wealth Advisors LLC now owns 4,221 shares of the home improvement retailer’s stock worth $647,000 after purchasing an additional 840 shares during the period. Finally, Afam Capital Inc. bought a new position in Home Depot during the second quarter worth about $307,000. 70.37% of the stock is currently owned by institutional investors and hedge funds.
Home Depot, Inc. (HD) traded up $0.30 during trading hours on Friday, hitting $182.43. 3,504,384 shares of the stock were exchanged, compared to its average volume of 4,475,052. Home Depot, Inc. has a 52 week low of $133.05 and a 52 week high of $186.31. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The company has a market capitalization of $213,733.11, a PE ratio of 25.42, a P/E/G ratio of 1.86 and a beta of 1.11.
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, beating analysts’ consensus estimates of $1.81 by $0.03. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. Home Depot’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. analysts anticipate that Home Depot, Inc. will post 7.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot’s dividend payout ratio is currently 49.44%.
Home Depot announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research note on Thursday, August 24th. Telsey Advisory Group raised their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Robert W. Baird restated an “outperform” rating and set a $195.00 price target on shares of Home Depot in a research note on Thursday, November 30th. SunTrust Banks raised their price target on shares of Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, December 7th. Finally, Bank of America raised their price target on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Home Depot has a consensus rating of “Buy” and an average price target of $182.72.
In related news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the sale, 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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.
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Home Depot 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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