Carlson Capital Management acquired a new stake in Home Depot Inc (NYSE:HD) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 1,398 shares of the home improvement retailer’s stock, valued at approximately $273,000.

Several other hedge funds have also recently added to or reduced their stakes in HD. HC Financial Advisors Inc. bought a new position in Home Depot in the fourth quarter worth about $3,778,000. Derby & Company Inc. bought a new position in Home Depot in the fourth quarter worth about $291,000. Commerce Bank raised its holdings in Home Depot by 0.8% in the fourth quarter. Commerce Bank now owns 118,742 shares of the home improvement retailer’s stock worth $22,505,000 after purchasing an additional 919 shares in the last quarter. Buckingham Asset Management LLC raised its holdings in Home Depot by 6.2% in the fourth quarter. Buckingham Asset Management LLC now owns 8,327 shares of the home improvement retailer’s stock worth $1,578,000 after purchasing an additional 488 shares in the last quarter. Finally, London Co. of Virginia bought a new position in Home Depot in the fourth quarter worth about $212,000. Hedge funds and other institutional investors own 69.03% of the company’s stock.

A number of equities analysts have commented on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $230.00 target price on shares of Home Depot in a report on Sunday. Piper Jaffray Companies reiterated a “hold” rating and issued a $203.00 target price on shares of Home Depot in a report on Thursday, August 16th. Citigroup reiterated a “buy” rating and issued a $227.00 target price on shares of Home Depot in a report on Wednesday, August 15th. Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price for the company. Finally, Loop Capital set a $200.00 target price on shares of Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $205.92.

In related news, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the sale, the executive vice president now owns 40,057 shares in the company, valued at $8,077,093.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the sale, the executive vice president now owns 60,179 shares in the company, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

HD opened at $209.07 on Monday. Home Depot Inc has a 52-week low of $157.16 and a 52-week high of $215.43. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13. The stock has a market cap of $242.53 billion, a PE ratio of 28.03, a P/E/G ratio of 1.67 and a beta of 1.10.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts anticipate that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $4.12 annualized dividend and a dividend yield of 1.97%. Home Depot’s dividend payout ratio (DPR) is currently 55.23%.

Home Depot Company Profile

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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