Abner Herrman & Brock LLC Has $15.15 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Abner Herrman & Brock LLC lessened its holdings in The Home Depot, Inc. (NYSE:HDGet Rating) by 2.3% in the 2nd quarter, Holdings Channel reports. The firm owned 55,238 shares of the home improvement retailer’s stock after selling 1,319 shares during the quarter. Home Depot accounts for 2.6% of Abner Herrman & Brock LLC’s portfolio, making the stock its 16th biggest holding. Abner Herrman & Brock LLC’s holdings in Home Depot were worth $15,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. DAGCO Inc. grew its position in Home Depot by 0.4% in the first quarter. DAGCO Inc. now owns 7,394 shares of the home improvement retailer’s stock valued at $2,276,000 after purchasing an additional 32 shares in the last quarter. Willow Creek Wealth Management Inc. increased its position in Home Depot by 4.7% during the fourth quarter. Willow Creek Wealth Management Inc. now owns 736 shares of the home improvement retailer’s stock worth $305,000 after acquiring an additional 33 shares during the period. Beam Wealth Advisors Inc. increased its holdings in Home Depot by 4.9% in the 1st quarter. Beam Wealth Advisors Inc. now owns 707 shares of the home improvement retailer’s stock valued at $212,000 after buying an additional 33 shares during the period. Shaker Investments LLC OH grew its holdings in shares of Home Depot by 1.0% during the 1st quarter. Shaker Investments LLC OH now owns 3,330 shares of the home improvement retailer’s stock valued at $997,000 after purchasing an additional 33 shares during the last quarter. Finally, Atticus Wealth Management LLC grew its holdings in shares of Home Depot by 0.5% during the 1st quarter. Atticus Wealth Management LLC now owns 7,098 shares of the home improvement retailer’s stock valued at $2,125,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on HD. Raymond James lifted their target price on shares of Home Depot from $340.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Guggenheim boosted their price target on shares of Home Depot from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Robert W. Baird boosted their price target on shares of Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. MKM Partners began coverage on shares of Home Depot in a research report on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 price target on the stock. Finally, StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $365.95.

Home Depot Trading Down 0.9 %

Home Depot stock opened at $269.14 on Friday. The business has a 50-day simple moving average of $299.46 and a two-hundred day simple moving average of $299.57. The company has a market cap of $275.53 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.47 and a beta of 0.99. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61. The company has a quick ratio of 0.25, a current ratio of 1.18 and a debt-to-equity ratio of 165.70.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.95 by $0.10. The business had revenue of $43.79 billion during the quarter, compared to the consensus estimate of $43.33 billion. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.53 EPS. Analysts predict that The Home Depot, Inc. will post 16.56 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.82%. Home Depot’s payout ratio is currently 46.71%.

Home Depot declared that its Board of Directors has approved a stock buyback plan on Thursday, August 18th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, EVP Fahim Siddiqui sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $300.59, for a total value of $300,590.00. Following the transaction, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at approximately $1,857,646.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares of the company’s stock, valued at approximately $10,917,927.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Fahim Siddiqui sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at approximately $1,857,646.20. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Home Depot Company Profile

(Get Rating)

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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

Institutional Ownership by Quarter for Home Depot (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.