Hodges Capital Management Inc. lessened its stake in shares of Home Depot Inc (NYSE:HD) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,851 shares of the home improvement retailer’s stock after selling 434 shares during the period. Hodges Capital Management Inc.’s holdings in Home Depot were worth $5,824,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank grew its stake in shares of Home Depot by 4.2% in the second quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock worth $35,126,000 after acquiring an additional 7,323 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Home Depot by 3.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock worth $1,143,434,000 after acquiring an additional 230,769 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Home Depot by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 2,093,731 shares of the home improvement retailer’s stock worth $396,825,000 after acquiring an additional 49,863 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Home Depot by 3.8% in the first quarter. Synovus Financial Corp now owns 220,730 shares of the home improvement retailer’s stock worth $39,357,000 after acquiring an additional 8,102 shares during the last quarter. Finally, BBR Partners LLC grew its stake in shares of Home Depot by 169.6% in the first quarter. BBR Partners LLC now owns 4,543 shares of the home improvement retailer’s stock worth $810,000 after acquiring an additional 2,858 shares during the last quarter. Institutional investors own 69.03% of the company’s stock.

HD has been the topic of several research analyst reports. UBS Group raised their price objective on shares of Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, June 20th. ValuEngine upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Loop Capital set a $200.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a research note on Wednesday, July 11th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price objective on the stock in a research note on Tuesday, July 17th. Finally, Citigroup raised their price objective on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $205.92.

In other Home Depot news, EVP William G. Lennie sold 10,854 shares of Home Depot stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the transaction, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of Home Depot stock in a transaction 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 transaction, the executive vice president now directly owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

Shares of NYSE HD opened at $209.07 on Monday. The firm has a market cap of $242.53 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 1.67 and a beta of 1.10. 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 current ratio of 1.13 and a quick ratio of 0.37.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.21. The company had revenue of $30.46 billion during the quarter, compared to analysts’ expectations of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. sell-side analysts predict that Home Depot Inc will post 9.58 earnings per share for the current year.

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

Further Reading: Stock Symbols and CUSIP Explained

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

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