Nwam LLC decreased its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 14.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,680 shares of the home improvement retailer’s stock after selling 787 shares during the period. Nwam LLC’s holdings in Home Depot were worth $1,381,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in HD. BCK Partners Inc. bought a new stake in shares of Home Depot in the first quarter valued at about $2,933,000. Fairfield Bush & CO. bought a new stake in Home Depot in the 1st quarter valued at approximately $27,000. Ergoteles LLC acquired a new position in Home Depot during the 1st quarter worth approximately $1,554,000. Equitable Holdings Inc. grew its stake in shares of Home Depot by 7.4% during the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after acquiring an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Home Depot by 3.2% in the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after purchasing an additional 24,640 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.
Home Depot Stock Up 0.7 %
Shares of NYSE HD opened at $328.42 on Friday. The stock has a market capitalization of $328.44 billion, a P/E ratio of 20.51, a PEG ratio of 2.26 and a beta of 0.95. The stock’s fifty day moving average is $323.64 and its 200 day moving average is $304.12. The Home Depot, Inc. has a 52 week low of $265.61 and a 52 week high of $347.25. The company has a debt-to-equity ratio of 30.53, a quick ratio of 0.35 and a current ratio of 1.31.
Home Depot declared that its Board of Directors has initiated a share buyback program on Tuesday, August 15th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Home Depot Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be given a $2.09 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $8.36 dividend on an annualized basis and a yield of 2.55%. Home Depot’s dividend payout ratio is currently 52.22%.
Insider Transactions at Home Depot
In other Home Depot news, EVP Teresa Wynn Roseborough sold 6,091 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $324.22, for a total value of $1,974,824.02. Following the completion of the transaction, the executive vice president now directly owns 22,749 shares in the company, valued at $7,375,680.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Kimberly R. Scardino sold 1,600 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total transaction of $522,704.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,281 shares of the company’s stock, valued at approximately $2,705,319.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 6,091 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $324.22, for a total value of $1,974,824.02. Following the completion of the sale, the executive vice president now owns 22,749 shares in the company, valued at approximately $7,375,680.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,811 shares of company stock worth $6,441,376. Corporate insiders own 0.19% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Home Depot from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Sanford C. Bernstein lifted their target price on Home Depot from $314.00 to $328.00 and gave the company a “market perform” rating in a research report on Wednesday, August 16th. TheStreet raised Home Depot from a “c+” rating to an “a-” rating in a research report on Tuesday, August 15th. Telsey Advisory Group raised their price target on Home Depot from $315.00 to $335.00 in a research note on Wednesday, August 16th. Finally, Oppenheimer reiterated an “outperform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Wednesday, August 9th. Thirteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $338.59.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It sells 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, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
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