Wsfs Capital Management LLC reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,968 shares of the home improvement retailer’s stock after selling 102 shares during the period. Wsfs Capital Management LLC’s holdings in Home Depot were worth $1,371,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. First Personal Financial Services boosted its position in shares of Home Depot by 81.1% during the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 43 shares in the last quarter. Fairfield Bush & CO. bought a new position in Home Depot during the 1st quarter valued at about $27,000. Grayhawk Investment Strategies Inc. bought a new position in Home Depot during the 2nd quarter valued at about $28,000. Mizuho Securities Co. Ltd. lifted its holdings in Home Depot by 119.5% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 49 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC bought a new position in Home Depot during the 3rd quarter valued at about $41,000. 68.31% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
HD has been the subject of several analyst reports. Sanford C. Bernstein initiated coverage on shares of Home Depot in a report on Tuesday, December 6th. They set a “market perform” rating and a $337.00 price target for the company. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 21st. Guggenheim cut their price target on shares of Home Depot to $335.00 in a report on Thursday, November 17th. Raymond James downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 16th. Finally, BNP Paribas downgraded shares of Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 target price for the company. in a research note on Wednesday, October 19th. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $341.24.
Insider Activity at Home Depot
Home Depot Trading Up 0.2 %
HD opened at $315.48 on Tuesday. The company has a debt-to-equity ratio of 32.16, a current ratio of 1.39 and a quick ratio of 0.33. The company has a market cap of $322.97 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. The firm has a 50 day simple moving average of $320.75 and a 200 day simple moving average of $302.70. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $374.67.
Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.13. The business had revenue of $38.87 billion during the quarter, compared to the consensus estimate of $37.96 billion. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. Home Depot’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.92 earnings per share. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 16.64 earnings per share for the current year.
Home Depot Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, November 30th. Home Depot’s dividend payout ratio is currently 45.81%.
About Home Depot
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
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