Starfire Investment Advisers Inc. decreased its holdings in shares of Home Depot Inc (NYSE:HD) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,266 shares of the home improvement retailer’s stock after selling 167 shares during the period. Starfire Investment Advisers Inc.’s holdings in Home Depot were worth $567,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in HD. Your Advocates Ltd. LLP purchased a new position in Home Depot during the first quarter worth about $27,000. Lion Street Advisors LLC purchased a new position in Home Depot during the first quarter worth about $28,000. Cordasco Financial Network raised its holdings in Home Depot by 120.5% during the first quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock worth $46,000 after purchasing an additional 135 shares in the last quarter. Danda Trouve Investment Management Inc. raised its holdings in Home Depot by 960.0% during the first quarter. Danda Trouve Investment Management Inc. now owns 265 shares of the home improvement retailer’s stock worth $49,000 after purchasing an additional 240 shares in the last quarter. Finally, HighMark Wealth Management LLC purchased a new position in Home Depot during the fourth quarter worth about $58,000. Institutional investors and hedge funds own 69.85% of the company’s stock.
Several research analysts recently issued reports on HD shares. Credit Suisse Group increased their price target on shares of Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Nomura increased their target price on shares of Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. CSFB boosted their price target on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. UBS Group raised their price objective on Home Depot from $265.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group boosted their target price on Home Depot from $228.00 to $269.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $254.83.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $28.26 billion for the quarter, compared to analysts’ expectations of $27.59 billion. During the same quarter last year, the company posted $2.27 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that Home Depot Inc will post 9.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $1.50 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $6.00 annualized dividend and a yield of 2.42%. Home Depot’s dividend payout ratio is presently 58.54%.
In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the sale, the executive vice president now directly owns 54,405 shares in the company, valued at $12,840,668.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.
Home Depot Company 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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