Koshinski Asset Management Inc. raised its stake in Home Depot Inc (NYSE:HD) by 51.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 15,532 shares of the home improvement retailer’s stock after buying an additional 5,290 shares during the quarter. Home Depot makes up about 0.7% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 18th largest holding. Koshinski Asset Management Inc.’s holdings in Home Depot were worth $2,944,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Jacobi Capital Management LLC grew its holdings in 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 acquiring an additional 101 shares during the period. Burt Wealth Advisors grew its holdings in 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 acquiring an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in 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 acquiring an additional 340 shares during the period. Empire Life Investments Inc. grew its holdings in 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 acquiring an additional 670 shares during the period. Finally, Glassman Wealth Services grew its holdings in 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 acquiring an additional 300 shares during the period. 70.63% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on HD. Credit Suisse Group lifted their target price on Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus lifted their target price on Home Depot from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $220.00 target price (up from $190.00) on shares of Home Depot in a report on Friday, January 19th. Jefferies Group reaffirmed a “buy” rating and set a $223.00 target price on shares of Home Depot in a report on Monday, February 5th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Home Depot in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Home Depot presently has an average rating of “Buy” and a consensus target price of $193.15.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping 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 firm had revenue of $23.88 billion during the quarter, compared to analyst estimates of $23.65 billion. During the same period last year, the company posted $1.44 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. equities analysts predict that Home Depot Inc will post 9.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is presently 55.68%.
Home Depot announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
In other Home Depot news, EVP Edward P. Decker sold 17,660 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the completion of the sale, the executive vice president now directly owns 73,815 shares in the company, valued at approximately $13,827,025.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Armando M. Codina acquired 6,650 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average price of $178.66 per share, with a total value of $1,188,089.00. Following the completion of the transaction, the director now directly owns 42,300 shares in the company, valued at approximately $7,557,318. The disclosure for this purchase can be found here. Insiders have sold a total of 169,027 shares of company stock valued at $31,220,882 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2018/03/14/koshinski-asset-management-inc-buys-5290-shares-of-home-depot-inc-hd.html.
Home Depot 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.
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.