Schneider Downs Wealth Management Advisors LP cut its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 11.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,563 shares of the home improvement retailer’s stock after selling 335 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Home Depot were worth $703,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in HD. Sky Investment Group LLC boosted its position in Home Depot by 3.4% during the first quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock valued at $6,345,000 after acquiring an additional 703 shares during the last quarter. Barrett Asset Management LLC lifted its stake in shares of Home Depot by 5.6% in the 1st quarter. Barrett Asset Management LLC now owns 66,478 shares of the home improvement retailer’s stock valued at $19,898,000 after purchasing an additional 3,507 shares during the period. Everhart Financial Group Inc. boosted its position in shares of Home Depot by 28.5% during the 1st quarter. Everhart Financial Group Inc. now owns 2,062 shares of the home improvement retailer’s stock valued at $617,000 after purchasing an additional 457 shares in the last quarter. Diversified LLC grew its stake in Home Depot by 1.5% during the first quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock worth $975,000 after purchasing an additional 47 shares during the period. Finally, Matisse Capital increased its holdings in Home Depot by 3.9% in the first quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer’s stock worth $797,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 68.66% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on HD shares. Morgan Stanley increased their price target on Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, August 17th. JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $335.00 to $311.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Robert W. Baird upped their price objective on shares of Home Depot from $335.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, August 16th. Wedbush raised their target price on Home Depot from $320.00 to $340.00 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Finally, MKM Partners started coverage on Home Depot in a report on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.95.
Insider Buying and Selling
In related news, EVP Matt Carey sold 12,650 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were 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 owns 34,522 shares in the company, valued at $10,917,927.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Matt Carey sold 12,650 shares of Home Depot stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction 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 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 owned by insiders.
Home Depot Trading Down 0.9 %
NYSE:HD opened at $271.57 on Thursday. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $420.61. The firm has a 50-day moving average price of $299.86 and a two-hundred day moving average price of $299.78. 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 firm has a market cap of $278.01 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99.
Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.95 by $0.10. The company had revenue of $43.79 billion during 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 company posted $4.53 earnings per share. On average, equities analysts expect that The Home Depot, Inc. will post 16.56 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Wednesday, August 31st. Home Depot’s payout ratio is 46.71%.
Home Depot announced that its board has approved a stock buyback plan on Thursday, August 18th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to repurchase up to 4.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
Home Depot Company Profile
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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