Nicola Wealth Management LTD. trimmed its stake in Home Depot Inc (NYSE:HD) by 23.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,249 shares of the home improvement retailer’s stock after selling 10,000 shares during the period. Home Depot comprises about 1.4% of Nicola Wealth Management LTD.’s investment portfolio, making the stock its 18th largest position. Nicola Wealth Management LTD.’s holdings in Home Depot were worth $7,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently made changes to their positions in HD. Summit Trail Advisors LLC boosted its stake in Home Depot by 17,627.8% in the first quarter. Summit Trail Advisors LLC now owns 2,233,171 shares of the home improvement retailer’s stock worth $2,233,000 after purchasing an additional 2,220,574 shares in the last quarter. Natixis boosted its stake in Home Depot by 153.0% in the first quarter. Natixis now owns 1,064,144 shares of the home improvement retailer’s stock worth $189,673,000 after purchasing an additional 643,600 shares in the last quarter. BlackRock Inc. boosted its stake in Home Depot by 0.8% in the first quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock worth $12,875,610,000 after purchasing an additional 604,634 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Home Depot by 19,557.4% in the second quarter. Cornerstone Wealth Management LLC now owns 590,509 shares of the home improvement retailer’s stock worth $3,042,000 after purchasing an additional 587,505 shares in the last quarter. Finally, Mackay Shields LLC acquired a new position in Home Depot in the first quarter worth $80,918,000. Hedge funds and other institutional investors own 69.01% of the company’s stock.
A number of research firms have commented on HD. Piper Jaffray Companies reissued a “hold” rating and issued a $203.00 price objective on shares of Home Depot in a research note on Thursday, August 16th. Citigroup reissued a “buy” rating and issued a $227.00 price objective on shares of Home Depot in a research note on Wednesday, August 15th. Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price objective on the stock. Loop Capital set a $200.00 price objective on Home Depot and gave the stock a “hold” rating in a research note on Wednesday, July 11th. Finally, Morgan Stanley boosted their price objective on Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $207.40.
Shares of HD opened at $192.47 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. Home Depot Inc has a 12-month low of $160.53 and a 12-month high of $215.43. The firm has a market cap of $237.01 billion, a PE ratio of 25.80, a PEG ratio of 1.63 and a beta of 1.11.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The business had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Research analysts anticipate that Home Depot Inc will post 9.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 30th were issued a $1.03 dividend. The ex-dividend date was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a yield of 2.14%. Home Depot’s dividend payout ratio is presently 55.23%.
In related news, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the sale, the executive vice president now owns 40,057 shares in the company, valued at $8,077,093.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the sale, the executive vice president now owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
Home Depot 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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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