Ashburton Jersey Ltd increased its stake in shares of Home Depot Inc (NYSE:HD) by 26.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 95,353 shares of the home improvement retailer’s stock after purchasing an additional 19,740 shares during the period. Home Depot makes up approximately 8.0% of Ashburton Jersey Ltd’s investment portfolio, making the stock its 5th largest position. Ashburton Jersey Ltd’s holdings in Home Depot were worth $18,603,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of HD. Private Ocean LLC boosted its position in shares of Home Depot by 53.3% during the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 72 shares during the period. Ironwood Financial llc lifted its holdings in Home Depot by 39.5% during the 4th quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock worth $49,000 after buying an additional 81 shares in the last quarter. Avondale Wealth Management lifted its holdings in Home Depot by 52.4% during the 4th quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock worth $60,000 after buying an additional 120 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new stake in Home Depot during the 4th quarter worth approximately $61,000. Finally, Fusion Family Wealth LLC lifted its holdings in Home Depot by 43.6% during the 4th quarter. Fusion Family Wealth LLC now owns 405 shares of the home improvement retailer’s stock worth $70,000 after buying an additional 123 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Ann Marie Campbell sold 5,450 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total value of $1,006,451.50. Following the sale, the executive vice president now directly owns 51,030 shares in the company, valued at approximately $9,423,710.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Edward P. Decker sold 23,744 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the completion of the sale, the executive vice president now owns 86,813 shares in the company, valued at $15,880,702.09. The disclosure for this sale can be found here. Insiders sold a total of 41,194 shares of company stock worth $7,553,141 over the last 90 days. Company insiders own 0.27% of the company’s stock.
Shares of HD opened at $194.58 on Friday. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $215.43. The firm has a market capitalization of $214.80 billion, a PE ratio of 19.67, a PEG ratio of 1.69 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.09. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The business had revenue of $26.49 billion for the quarter, compared to analyst estimates of $26.57 billion. During the same period last year, the business earned $1.69 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Equities analysts expect that Home Depot Inc will post 10.09 EPS for the current year.
Home Depot announced that its Board of Directors has approved a stock buyback program on Tuesday, February 26th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to purchase up to 6.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
HD has been the topic of a number of research reports. Citigroup reduced their target price on shares of Home Depot from $224.00 to $218.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Edward Jones upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Deutsche Bank increased their target price on shares of Home Depot from $200.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Royal Bank of Canada reduced their target price on shares of Home Depot from $223.00 to $217.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Finally, Credit Suisse Group set a $194.00 target price on shares of Home Depot and gave the stock a “hold” rating in a report on Tuesday, February 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $204.71.
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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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