Redpoint Investment Management Pty Ltd Has $7.87 Million Stock Position in The Home Depot, Inc. (NYSE:HD)


Share on StockTwits

Redpoint Investment Management Pty Ltd grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,633 shares of the home improvement retailer’s stock after purchasing an additional 2,275 shares during the period. The Home Depot makes up 0.8% of Redpoint Investment Management Pty Ltd’s investment portfolio, making the stock its 23rd biggest holding. Redpoint Investment Management Pty Ltd’s holdings in The Home Depot were worth $7,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its holdings in The Home Depot by 2.4% in the second quarter. FMR LLC now owns 19,084,248 shares of the home improvement retailer’s stock worth $4,780,796,000 after buying an additional 441,321 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of The Home Depot during the second quarter valued at approximately $4,049,000. AdvisorNet Financial Inc increased its stake in shares of The Home Depot by 2.5% during the second quarter. AdvisorNet Financial Inc now owns 11,740 shares of the home improvement retailer’s stock valued at $2,941,000 after purchasing an additional 281 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of The Home Depot during the second quarter valued at approximately $660,000. Finally, Ninety One UK Ltd increased its stake in shares of The Home Depot by 263.8% during the second quarter. Ninety One UK Ltd now owns 307,875 shares of the home improvement retailer’s stock valued at $77,126,000 after purchasing an additional 223,243 shares in the last quarter. Hedge funds and other institutional investors own 63.23% of the company’s stock.

A number of equities analysts have weighed in on HD shares. ValuEngine downgraded shares of The Home Depot from a “hold” rating to a “sell” rating in a research note on Monday, December 7th. BidaskClub downgraded shares of The Home Depot from a “hold” rating to a “sell” rating in a research report on Thursday, December 31st. Oppenheimer downgraded shares of The Home Depot from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $320.00 to $305.00 in a research report on Friday, September 18th. Wedbush downgraded shares of The Home Depot from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 11th. Finally, Telsey Advisory Group raised shares of The Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the company from $300.00 to $315.00 in a research report on Monday, November 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The Home Depot presently has an average rating of “Buy” and a consensus target price of $293.25.

In other The Home Depot news, COO Edward P. Decker sold 25,595 shares of the business’s stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $269.40, for a total value of $6,895,293.00. Following the sale, the chief operating officer now owns 97,352 shares in the company, valued at approximately $26,226,628.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 120 shares of the business’s stock in a transaction on Friday, November 20th. The stock was sold at an average price of $269.03, for a total transaction of $32,283.60. Following the completion of the sale, the executive vice president now owns 46,611 shares in the company, valued at approximately $12,539,757.33. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Shares of The Home Depot stock opened at $274.05 on Thursday. The company’s fifty day simple moving average is $268.91 and its 200-day simple moving average is $271.86. The stock has a market capitalization of $295.04 billion, a PE ratio of 23.71, a P/E/G ratio of 1.84 and a beta of 1.04. The Home Depot, Inc. has a 1-year low of $140.63 and a 1-year high of $292.95. The company has a debt-to-equity ratio of 21.39, a current ratio of 1.36 and a quick ratio of 0.72.

The Home Depot (NYSE:HD) last released its earnings results on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The company had revenue of $33.54 billion for the quarter, compared to analysts’ expectations of $32.03 billion. During the same quarter in the previous year, the company earned $2.53 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 11.76 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 17th. Investors of record on Thursday, December 3rd were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, December 2nd. The Home Depot’s dividend payout ratio (DPR) is 58.54%.

About The Home Depot

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.

See Also: How is diluted EPS different from basic EPS?

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD).

Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

Receive News & Ratings for The Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.