Vigilant Capital Management LLC Has $1.65 Million Holdings in Home Depot Inc (HD)
Vigilant Capital Management LLC boosted its stake in Home Depot Inc (NYSE:HD) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,967 shares of the home improvement retailer’s stock after purchasing an additional 1,829 shares during the quarter. Vigilant Capital Management LLC’s holdings in Home Depot were worth $1,650,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Viridian Ria LLC raised its holdings in shares of Home Depot by 12.1% during the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock valued at $465,000 after buying an additional 255 shares in the last quarter. Nadler Financial Group Inc. raised its holdings in shares of Home Depot by 11.6% during the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock valued at $496,000 after buying an additional 264 shares in the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Home Depot by 6.5% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock valued at $856,000 after buying an additional 266 shares in the last quarter. Bingham Osborn & Scarborough LLC raised its holdings in shares of Home Depot by 11.2% during the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock valued at $529,000 after buying an additional 273 shares in the last quarter. Finally, Burns J W & Co. Inc. NY raised its holdings in shares of Home Depot by 1.4% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 20,081 shares of the home improvement retailer’s stock valued at $3,918,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 69.85% of the company’s stock.
HD has been the topic of a number of research reports. Wells Fargo & Co reissued a “buy” rating and set a $230.00 price objective on shares of Home Depot in a report on Sunday, September 16th. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a report on Friday, October 5th. Credit Suisse Group reissued a “neutral” rating and set a $204.00 price objective (down from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. UBS Group decreased their price objective on Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Finally, Royal Bank of Canada decreased their price objective on Home Depot from $218.00 to $208.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $206.67.
Shares of Home Depot stock opened at $172.79 on Friday. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. The company has a market capitalization of $198.75 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.38 and a beta of 1.26. Home Depot Inc has a one year low of $167.00 and a one year high of $215.43.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. The business had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 EPS. As a group, equities analysts expect that Home Depot Inc will post 9.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be paid a $1.03 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a yield of 2.38%. 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.
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