Eagle Global Advisors LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,293 shares of the home improvement retailer’s stock after purchasing an additional 666 shares during the quarter. Home Depot accounts for about 1.1% of Eagle Global Advisors LLC’s holdings, making the stock its 24th biggest holding. Eagle Global Advisors LLC’s holdings in Home Depot were worth $18,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in HD. Shore Point Advisors LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $26,000. Rinkey Investments bought a new stake in shares of Home Depot in the 4th quarter worth approximately $25,000. Barnett & Company Inc. lifted its holdings in shares of Home Depot by 173.1% in the 4th quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Joseph Group Capital Management bought a new stake in shares of Home Depot in the 4th quarter worth approximately $1,705,000. Finally, Retirement Group LLC lifted its holdings in shares of Home Depot by 111.1% in the 4th quarter. Retirement Group LLC now owns 95 shares of the home improvement retailer’s stock worth $39,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.
In other Home Depot news, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now owns 51,175 shares in the company, valued at $14,739,935.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares in the company, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
Home Depot stock opened at $279.08 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The firm has a 50 day moving average of $291.54 and a 200 day moving average of $327.02. The firm has a market capitalization of $286.83 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.67 and a beta of 0.98.
Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. The firm had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.86 EPS. On average, analysts predict that The Home Depot, Inc. will post 16.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were paid a $1.90 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a yield of 2.72%. Home Depot’s payout ratio is 48.25%.
HD has been the topic of several analyst reports. Wells Fargo & Company decreased their target price on shares of Home Depot from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Truist Financial decreased their target price on shares of Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. OTR Global downgraded shares of Home Depot to a “positive” rating in a research report on Tuesday, May 10th. Guggenheim reduced their price objective on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Finally, StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $369.82.
About Home Depot (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.
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