Banco de Sabadell S.A Grows Holdings in Home Depot Inc (HD)
Banco de Sabadell S.A raised its stake in shares of Home Depot Inc (NYSE:HD) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,336 shares of the home improvement retailer’s stock after purchasing an additional 5,531 shares during the period. Home Depot accounts for approximately 0.9% of Banco de Sabadell S.A’s holdings, making the stock its 29th biggest position. Banco de Sabadell S.A’s holdings in Home Depot were worth $6,703,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Institutional & Family Asset Management LLC purchased a new stake in Home Depot in the 1st quarter worth about $108,000. CSat Investment Advisory L.P. bought a new position in shares of Home Depot during the second quarter valued at approximately $112,000. RPg Family Wealth Advisory LLC boosted its stake 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 valued at $117,000 after purchasing an additional 275 shares in the last quarter. Fort L.P. bought a new position in shares of Home Depot during the second quarter valued at approximately $120,000. Finally, Advisors Preferred LLC boosted its stake in shares of Home Depot by 819.7% during the second quarter. Advisors Preferred LLC now owns 653 shares of the home improvement retailer’s stock valued at $127,000 after purchasing an additional 582 shares in the last quarter. 69.52% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of Home Depot from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 13th. Piper Jaffray Companies reiterated a “hold” rating and set a $203.00 price objective on shares of Home Depot in a research note on Thursday, August 16th. Citigroup restated a “buy” rating and issued a $227.00 target price on shares of Home Depot in a research note on Wednesday, August 15th. Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price for the company. Finally, Morgan Stanley decreased their price target on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, October 23rd. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $204.16.
HD opened at $169.05 on Wednesday. Home Depot Inc has a fifty-two week low of $167.00 and a fifty-two week high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market capitalization of $202.54 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.36 and a beta of 1.26.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The company had revenue of $26.30 billion during the quarter, compared to analysts’ expectations of $26.23 billion. During the same quarter in the previous year, the company earned $1.84 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Home Depot Inc will post 9.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be given a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $4.12 annualized dividend and a dividend yield of 2.44%. Home Depot’s dividend payout ratio (DPR) is 55.23%.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2018/11/21/banco-de-sabadell-s-a-grows-holdings-in-home-depot-inc-hd.html.
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.
Further Reading: Do stock splits help investors?
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.