Harrison & Co Wealth Management LLC Purchases 102 Shares of The Home Depot, Inc. (NYSE:HD)

view original post

Harrison & Co Wealth Management LLC raised its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,243 shares of the home improvement retailer’s stock after buying an additional 102 shares during the period. Harrison & Co Wealth Management LLC’s holdings in Home Depot were worth $889,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. DAGCO Inc. increased its position in shares of 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 acquiring an additional 32 shares during 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 buying an additional 33 shares during the last quarter. Beam Wealth Advisors Inc. increased its position in Home Depot by 4.9% during the first quarter. Beam Wealth Advisors Inc. now owns 707 shares of the home improvement retailer’s stock worth $212,000 after buying an additional 33 shares during the last quarter. Shaker Investments LLC OH increased its position in Home Depot by 1.0% during the first quarter. Shaker Investments LLC OH now owns 3,330 shares of the home improvement retailer’s stock worth $997,000 after buying an additional 33 shares during the last quarter. Finally, Atticus Wealth Management LLC increased its position in Home Depot by 0.5% during the first quarter. Atticus Wealth Management LLC now owns 7,098 shares of the home improvement retailer’s stock worth $2,125,000 after buying an additional 34 shares during the last quarter. 68.66% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

HD opened at $280.42 on Tuesday. The firm has a market cap of $287.07 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.48 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 debt-to-equity ratio of 165.70, a quick ratio of 0.25 and a current ratio of 1.18. The business’s fifty day moving average is $300.51 and its 200-day moving average is $300.82.

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

Home Depot announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 18th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Wednesday, August 31st. Home Depot’s dividend payout ratio (DPR) is currently 46.71%.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the sale, 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 is accessible through the SEC website. In related news, EVP Matt Carey sold 12,650 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 34,522 shares in the company, valued at approximately $10,917,927.72. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 6,180 shares of the company’s stock, valued at $1,857,646.20. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HD. Raymond James boosted their price target on Home Depot from $340.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Robert W. Baird boosted their price target on Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Wedbush boosted their price target on Home Depot from $320.00 to $340.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 17th. Morgan Stanley boosted their price target on Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Finally, UBS Group boosted their price target on Home Depot from $360.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.95.

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.

Read More

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.

Related Posts