NEXT Financial Group Inc trimmed its holdings in Home Depot Inc (NYSE:HD) by 17.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,664 shares of the home improvement retailer’s stock after selling 4,403 shares during the period. Home Depot makes up about 1.7% of NEXT Financial Group Inc’s holdings, making the stock its 6th largest holding. NEXT Financial Group Inc’s holdings in Home Depot were worth $3,916,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of HD. Jacobi Capital Management LLC boosted its position in shares of Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after buying an additional 101 shares during the period. Burt Wealth Advisors boosted its position in shares of Home Depot by 83.5% during the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after buying an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Home Depot by 63.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after buying an additional 340 shares during the period. Empire Life Investments Inc. boosted its position in shares of Home Depot by 233.4% during the third quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock worth $157,000 after buying an additional 670 shares during the period. Finally, Glassman Wealth Services boosted its position in shares of Home Depot by 38.3% during the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after buying an additional 300 shares during the period. Institutional investors own 70.63% of the company’s stock.
In other Home Depot news, EVP Edward P. Decker sold 17,660 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total value of $3,308,071.20. Following the sale, the executive vice president now directly owns 73,815 shares in the company, valued at $13,827,025.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 37,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $186.26, for a total value of $7,018,276.80. Following the completion of the sale, the executive vice president now owns 53,459 shares in the company, valued at $9,957,273.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 169,027 shares of company stock worth $31,220,882. 0.26% of the stock is owned by insiders.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.07. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The company had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. During the same period last year, the firm earned $1.44 earnings per share. Home Depot’s quarterly revenue was up 7.5% on a year-over-year basis. equities research analysts predict that Home Depot Inc will post 9.44 EPS for the current year.
Home Depot announced that its board has authorized a share buyback plan on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be paid a $1.03 dividend. The ex-dividend date is Wednesday, March 7th. This is a boost from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is currently 56.59%.
Several research analysts have recently commented on the company. Loop Capital assumed coverage on Home Depot in a research report on Thursday, March 1st. They set a “hold” rating and a $187.00 price target for the company. SunTrust Banks raised their price target on Home Depot to $187.00 and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Credit Suisse Group set a $222.00 price target on Home Depot and gave the stock a “buy” rating in a research report on Wednesday, February 21st. BMO Capital Markets raised their price target on Home Depot from $191.00 to $213.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Finally, Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $193.15.
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Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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