Vishria Bird Financial Group LLC Acquires Shares of 1,075 Home Depot Inc (HD)
Vishria Bird Financial Group LLC acquired a new position in Home Depot Inc (NYSE:HD) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,075 shares of the home improvement retailer’s stock, valued at approximately $210,000.
Other hedge funds have also modified their holdings of the company. Lucia Wealth Services LLC bought a new stake in shares of Home Depot in the 1st quarter worth approximately $101,000. Institutional & Family Asset Management LLC bought a new stake in shares of Home Depot during the first quarter valued at approximately $108,000. Clarus Wealth Advisors bought a new stake in shares of Home Depot during the second quarter valued at approximately $136,000. Princeton Capital Management LLC bought a new stake in shares of Home Depot during the first quarter valued at approximately $151,000. Finally, Capital Management Associates NY bought a new stake in shares of Home Depot during the second quarter valued at approximately $203,000. Hedge funds and other institutional investors own 69.01% of the company’s stock.
In other news, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares in the company, valued at $11,760,781.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Home Depot (NYSE:HD) last announced 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 business 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 firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. As a group, research analysts anticipate that Home Depot Inc will post 9.58 EPS 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 paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Wednesday, August 29th. Home Depot’s payout ratio is 55.23%.
HD has been the topic of several research reports. UBS Group lifted their price target on Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. ValuEngine upgraded Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Loop Capital set a $200.00 price target on Home Depot and gave the company a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price target on the stock in a research report on Tuesday, July 17th. Finally, Citigroup lifted their price target on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, August 10th. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Home Depot presently has an average rating of “Buy” and a consensus price target of $207.40.
Home Depot 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.
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