Alpha Windward LLC lowered its position in shares of Home Depot Inc (NYSE:HD) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,445 shares of the home improvement retailer’s stock after selling 29 shares during the period. Home Depot accounts for about 0.4% of Alpha Windward LLC’s portfolio, making the stock its 19th largest position. Alpha Windward LLC’s holdings in Home Depot were worth $653,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Inverness Counsel LLC NY raised its position in Home Depot by 3.1% in the first quarter. Inverness Counsel LLC NY now owns 161,454 shares of the home improvement retailer’s stock worth $23,660,000 after buying an additional 4,845 shares during the last quarter. Gierl Augustine Investment Management Inc increased its stake in Home Depot by 32.5% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,037 shares of the home improvement retailer’s stock worth $299,000 after buying an additional 500 shares during the period. Edge Wealth Management LLC increased its stake in Home Depot by 5.0% in the first quarter. Edge Wealth Management LLC now owns 1,125 shares of the home improvement retailer’s stock worth $165,000 after buying an additional 54 shares during the period. Horrell Capital Management Inc. increased its stake in Home Depot by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the home improvement retailer’s stock worth $4,003,000 after buying an additional 100 shares during the period. Finally, Horan Capital Management bought a new stake in Home Depot during the first quarter worth about $900,000. 71.53% of the stock is currently owned by institutional investors.
Home Depot Inc (NYSE:HD) opened at 155.70 on Friday. The stock has a market cap of $186.53 billion, a PE ratio of 23.30 and a beta of 1.09. Home Depot Inc has a 52 week low of $119.20 and a 52 week high of $160.86. The company’s 50-day moving average is $151.91 and its 200 day moving average is $140.67.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 EPS. On average, analysts expect that Home Depot Inc will post $7.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.29%. Home Depot’s dividend payout ratio is 44.66%.
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HD has been the subject of a number of research analyst reports. BTIG Research raised their price objective on shares of Home Depot from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Tuesday, April 25th. Wedbush restated a “neutral” rating and set a $145.00 price objective on shares of Home Depot in a report on Friday, February 10th. Morgan Stanley upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $150.00 to $165.00 in a report on Thursday, February 23rd. Finally, Vetr upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $152.86 price objective for the company in a report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $163.01.
About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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