Home Depot Inc (HD) Holdings Boosted by Bridgeworth LLC
Bridgeworth LLC raised its stake in Home Depot Inc (NYSE:HD) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,869 shares of the home improvement retailer’s stock after purchasing an additional 280 shares during the period. Bridgeworth LLC’s holdings in Home Depot were worth $754,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Lucia Wealth Services LLC purchased a new position in shares of Home Depot during the first quarter worth approximately $101,000. Institutional & Family Asset Management LLC purchased a new position in shares of Home Depot during the first quarter worth approximately $108,000. CSat Investment Advisory L.P. purchased a new position in shares of Home Depot during the second quarter worth approximately $112,000. RPg Family Wealth Advisory LLC grew its position in shares of Home Depot by 84.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after acquiring an additional 275 shares during the last quarter. Finally, Fort L.P. purchased a new position in shares of Home Depot during the second quarter worth approximately $120,000. Institutional investors own 69.52% of the company’s stock.
In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total value of $21,168,137.34. Following the completion of the sale, the chief executive officer now owns 264,970 shares of the company’s stock, valued at $47,805,887.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the sale, the executive vice president now directly 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 company insiders.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The company had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. During the same quarter last year, the company earned $1.84 earnings per share. Home Depot’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Home Depot Inc will post 9.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Wednesday, November 28th. Home Depot’s dividend payout ratio (DPR) is currently 55.23%.
HD has been the topic of a number of research reports. Citigroup restated a “buy” rating and set a $227.00 target price on shares of Home Depot in a research report on Wednesday, August 15th. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target for the company in a report on Friday, October 5th. Wells Fargo & Co reaffirmed a “buy” rating and set a $230.00 price target on shares of Home Depot in a report on Sunday, September 16th. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, August 21st. They set a “buy” rating and a $228.00 price target for the company. Finally, UBS Group decreased their price target on Home Depot from $225.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Home Depot presently has an average rating of “Buy” and a consensus price target of $204.16.
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About Home Depot
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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