Osaic Holdings Inc. Increases Stake in The Home Depot, Inc. (NYSE:HD)

Osaic Holdings Inc. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 477.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,044,469 shares of the home improvement retailer’s stock after acquiring an additional 2,517,477 shares during the period. Osaic Holdings Inc.’s holdings in Home Depot were worth $160,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Kalos Management Inc. purchased a new position in shares of Home Depot during the 1st quarter worth $26,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the 1st quarter worth about $27,000. KB Financial Partners LLC acquired a new stake in shares of Home Depot during the 1st quarter worth about $28,000. Studio Investment Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth about $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HD. Sanford C. Bernstein raised their price objective on Home Depot from $314.00 to $328.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 16th. The Goldman Sachs Group lifted their target price on Home Depot from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Wednesday, November 15th. Jefferies Financial Group lifted their target price on Home Depot from $370.00 to $384.00 and gave the company a “buy” rating in a research report on Wednesday, August 16th. Finally, StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Sunday, October 15th. Twelve equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $339.57.

Insider Buying and Selling at Home Depot

In other Home Depot news, CAO Kimberly R. Scardino sold 1,375 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total value of $421,451.25. Following the sale, the chief accounting officer now owns 6,744 shares of the company’s stock, valued at $2,067,103.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Home Depot news, CAO Kimberly R. Scardino sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $326.69, for a total value of $522,704.00. Following the sale, 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 this link. Also, CAO Kimberly R. Scardino sold 1,375 shares of Home Depot stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $306.51, for a total value of $421,451.25. Following the completion of the transaction, the chief accounting officer now directly owns 6,744 shares in the company, valued at $2,067,103.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,186 shares of company stock valued at $6,862,827. Insiders own 0.19% of the company’s stock.

Home Depot Stock Performance

NYSE HD traded up $0.09 on Monday, reaching $307.36. The stock had a trading volume of 855,366 shares, compared to its average volume of 3,615,631. The company has a debt-to-equity ratio of 28.37, a quick ratio of 0.35 and a current ratio of 1.30. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $347.25. The business’s 50-day moving average price is $298.63 and its 200 day moving average price is $306.73. The stock has a market cap of $307.38 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.06. The business had revenue of $37.71 billion for the quarter, compared to analyst estimates of $37.59 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.24 earnings per share. As a group, equities analysts expect that The Home Depot, Inc. will post 15.05 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot’s dividend payout ratio is presently 53.66%.

Home Depot declared that its board has authorized a stock repurchase plan 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 repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Home Depot Company 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.