Corbett Road Capital Management LLC lessened its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,522 shares of the home improvement retailer’s stock after selling 159 shares during the quarter. Home Depot makes up about 1.1% of Corbett Road Capital Management LLC’s holdings, making the stock its 26th largest position. Corbett Road Capital Management LLC’s holdings in Home Depot were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of HD. Quantinno Capital Management LP raised its stake in Home Depot by 1.6% in the third quarter. Quantinno Capital Management LP now owns 1,730 shares of the home improvement retailer’s stock valued at $568,000 after buying an additional 27 shares in the last quarter. Trilogy Capital Inc. grew its holdings in shares of Home Depot by 4.0% during the fourth quarter. Trilogy Capital Inc. now owns 732 shares of the home improvement retailer’s stock worth $304,000 after buying an additional 28 shares during the last quarter. Smith Anglin Financial LLC lifted its position in Home Depot by 1.1% in the fourth quarter. Smith Anglin Financial LLC now owns 2,574 shares of the home improvement retailer’s stock valued at $1,068,000 after purchasing an additional 28 shares during the period. Palisades Hudson Asset Management L.P. lifted its position in Home Depot by 1.1% in the fourth quarter. Palisades Hudson Asset Management L.P. now owns 2,518 shares of the home improvement retailer’s stock valued at $1,045,000 after purchasing an additional 28 shares during the period. Finally, Charter Oak Capital Management LLC lifted its position in Home Depot by 1.2% in the third quarter. Charter Oak Capital Management LLC now owns 2,465 shares of the home improvement retailer’s stock valued at $809,000 after purchasing an additional 29 shares during the period. Institutional investors own 69.52% of the company’s stock.
Several brokerages have recently issued reports on HD. Guggenheim lowered their price objective on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. UBS Group cut their target price on shares of Home Depot from $470.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Piper Sandler decreased their target price on shares of Home Depot from $342.00 to $314.00 and set a “neutral” rating for the company in a research report on Thursday, April 7th. Robert W. Baird decreased their price objective on shares of Home Depot from $425.00 to $380.00 in a report on Tuesday, February 22nd. Finally, OTR Global upgraded shares of Home Depot from a “mixed” rating to a “positive” rating in a research report on Tuesday, February 15th. Five equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, Home Depot has an average rating of “Buy” and a consensus target price of $387.08.
Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The home improvement retailer reported $3.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.01. The business had revenue of $35.72 billion during the quarter, compared to analysts’ expectations of $34.85 billion. Home Depot had a return on equity of 2,082.76% and a net margin of 10.87%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 earnings per share. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were paid a dividend of $1.90 per share. This is a positive change from Home Depot’s previous quarterly dividend of $1.65. The ex-dividend date was Wednesday, March 9th. This represents a $7.60 annualized dividend and a dividend yield of 2.52%. Home Depot’s payout ratio is 48.97%.
In other Home Depot news, EVP Hector A. Padilla sold 504 shares of the stock in a transaction on Friday, March 25th. The stock was sold at an average price of $309.80, for a total transaction of $156,139.20. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.18% of the stock is owned by insiders.
Home Depot Profile (Get Rating)
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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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