Carlson Capital Management Acquires Shares of 1,398 Home Depot Inc (HD)
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.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
See Also: Diversification in Your Portfolio
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (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.