Bank of The Ozarks boosted its position in Home Depot Inc (NYSE:HD) by 9.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,633 shares of the home improvement retailer’s stock after purchasing an additional 723 shares during the period. Bank of The Ozarks’ holdings in Home Depot were worth $1,539,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Ford Financial Group Inc. purchased a new position in Home Depot in the fourth quarter valued at about $108,000. Earnest Partners LLC purchased a new position in Home Depot in the fourth quarter valued at about $108,000. Pinnacle Wealth Planning Services Inc. purchased a new position in Home Depot in the fourth quarter valued at about $112,000. Denali Advisors LLC purchased a new position in Home Depot in the fourth quarter valued at about $133,000. Finally, Keeler Thomas Management LLC purchased a new position in Home Depot in the fourth quarter valued at about $150,000. 69.11% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Wells Fargo & Co set a $205.00 target price on shares of Home Depot and gave the company a “buy” rating in a research note on Tuesday, May 15th. UBS Group boosted their target price on shares of Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday. Loop Capital set a $187.00 target price on shares of Home Depot and gave the company a “hold” rating in a research note on Tuesday, May 15th. Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, Deutsche Bank set a $210.00 price target on shares of Home Depot and gave the company a “buy” rating in a research note on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Home Depot currently has an average rating of “Buy” and an average price target of $197.25.
In other news, EVP Mark Holifield sold 45,549 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total value of $8,510,375.16. Following the transaction, the executive vice president now owns 51,879 shares of the company’s stock, valued at approximately $9,693,072.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephanie Linnartz purchased 1,000 shares of the firm’s stock in a transaction dated Friday, June 1st. The stock was bought at an average cost of $187.57 per share, for a total transaction of $187,570.00. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.
Home Depot opened at $197.41 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 14.37, a quick ratio of 0.37 and a current ratio of 1.17. The company has a market cap of $229.65 billion, a P/E ratio of 26.46, a PEG ratio of 1.49 and a beta of 1.13. Home Depot Inc has a 1-year low of $144.25 and a 1-year high of $207.60.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.03. The business had revenue of $24.95 billion for the quarter, compared to analyst estimates of $25.17 billion. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. Home Depot’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 EPS. research analysts expect that Home Depot Inc will post 9.45 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Thursday, May 31st were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.
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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