Ibex Wealth Advisors grew its stake in shares of Home Depot Inc (NYSE:HD) by 19.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,963 shares of the home improvement retailer’s stock after acquiring an additional 4,386 shares during the quarter. Home Depot comprises approximately 2.0% of Ibex Wealth Advisors’ investment portfolio, making the stock its 10th largest holding. Ibex Wealth Advisors’ holdings in Home Depot were worth $5,597,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Home Depot by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,115,260 shares of the home improvement retailer’s stock valued at $377,025,000 after buying an additional 45,429 shares in the last quarter. FIL Ltd lifted its stake in Home Depot by 12.9% in the 1st quarter. FIL Ltd now owns 49,023 shares of the home improvement retailer’s stock worth $8,738,000 after purchasing an additional 5,591 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Home Depot by 1.0% in the 1st quarter. Baird Financial Group Inc. now owns 310,984 shares of the home improvement retailer’s stock worth $55,429,000 after purchasing an additional 3,216 shares in the last quarter. Impax Asset Management LLC lifted its stake in Home Depot by 11.2% in the 1st quarter. Impax Asset Management LLC now owns 139,967 shares of the home improvement retailer’s stock worth $24,948,000 after purchasing an additional 14,103 shares in the last quarter. Finally, Day & Ennis LLC lifted its stake in Home Depot by 35.6% in the 1st quarter. Day & Ennis LLC now owns 17,669 shares of the home improvement retailer’s stock worth $3,149,000 after purchasing an additional 4,640 shares in the last quarter. Hedge funds and other institutional investors own 69.85% of the company’s stock.
In other news, Director Manuel Kadre purchased 2,000 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was acquired at an average price of $177.48 per share, with a total value of $354,960.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $354,960. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig A. Menear sold 117,327 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the sale, the chief executive officer now directly owns 264,970 shares of the company’s stock, valued at approximately $47,805,887.40. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 13,750 shares of company stock worth $2,401,470. 0.25% of the stock is owned by insiders.
Shares of NYSE:HD opened at $180.32 on Monday. The firm has a market capitalization of $203.68 billion, a PE ratio of 24.17, a P/E/G ratio of 1.41 and a beta of 1.26. Home Depot Inc has a one year low of $167.00 and a one year high of $215.43. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The company had revenue of $26.30 billion for the quarter, compared to analyst estimates of $26.23 billion. During the same quarter last year, the firm earned $1.84 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts expect that Home Depot Inc will post 9.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Wednesday, November 28th. Home Depot’s dividend payout ratio is currently 55.23%.
HD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research note on Friday, October 5th. Wells Fargo & Co reiterated a “buy” rating and issued a $230.00 target price on shares of Home Depot in a research note on Sunday, September 16th. Bank of America cut shares of Home Depot from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $219.00 to $195.00 in a research note on Friday, November 16th. Morgan Stanley increased their target price on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, October 11th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $204.00 price target (down previously from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $205.43.
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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