Sompo Japan Nipponkoa Asset Management CO. LTD. increased its holdings in Home Depot Inc (NYSE:HD) by 108.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,267 shares of the home improvement retailer’s stock after acquiring an additional 4,310 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Home Depot were worth $1,544,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in HD. Your Advocates Ltd. LLP purchased a new position in Home Depot in the 1st quarter valued at $27,000. Lion Street Advisors LLC purchased a new stake in shares of Home Depot during the 1st quarter worth $28,000. Litman Gregory Asset Management LLC boosted its position in shares of Home Depot by 2,042.9% during the 4th quarter. Litman Gregory Asset Management LLC now owns 150 shares of the home improvement retailer’s stock worth $33,000 after purchasing an additional 143 shares in the last quarter. Evolution Wealth Advisors LLC boosted its position in shares of Home Depot by 85.9% during the 4th quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 73 shares in the last quarter. Finally, John W. Brooker & Co. CPAs purchased a new stake in shares of Home Depot during the 4th quarter worth $37,000. 69.75% of the stock is currently owned by institutional investors and hedge funds.
HD has been the topic of several recent research reports. Cfra upgraded shares of Home Depot from a “hold” rating to a “strong-buy” rating and set a $255.00 price objective on the stock in a research report on Wednesday, March 11th. Telsey Advisory Group boosted their price objective on shares of Home Depot from $220.00 to $250.00 and gave the stock a “market perform” rating in a research report on Wednesday. Loop Capital boosted their price objective on shares of Home Depot from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group boosted their price objective on shares of Home Depot from $228.00 to $269.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Nomura boosted their price objective on shares of Home Depot from $240.00 to $252.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $251.03.
Shares of NYSE HD traded up $1.00 on Friday, reaching $241.88. 3,041,253 shares of the company traded hands, compared to its average volume of 5,876,560. Home Depot Inc has a fifty-two week low of $140.63 and a fifty-two week high of $248.32. The stock has a market capitalization of $258.73 billion, a PE ratio of 24.04, a P/E/G ratio of 2.22 and a beta of 1.03. The company has a 50 day moving average of $213.77 and a 200 day moving average of $219.47.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The firm had revenue of $28.26 billion for the quarter, compared to analysts’ expectations of $27.59 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts anticipate that Home Depot Inc will post 9.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Wednesday, June 3rd. Home Depot’s payout ratio is currently 58.54%.
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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