The Home Depot, Inc. (NYSE:HD) Shares Bought by Rothschild Investment Corp IL #Home #Depot #NYSEHD #Shares #Bought #Rothschild #Investment #Corp Welcome to Americanah Blog, here is the new story we have for you today:
Rothschild Investment Corp IL raised its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 14.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,475 shares of the home improvement retailer’s stock after buying an additional 2,265 shares during the period. Rothschild Investment Corp IL’s holdings in Home Depot were worth $4,793,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rinkey Investments acquired a new stake in shares of Home Depot during the fourth quarter worth about $25,000. GW&K Investment Management LLC acquired a new stake in shares of Home Depot during the first quarter worth about $25,000. Tobam acquired a new stake in shares of Home Depot during the first quarter worth about $27,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the first quarter worth about $27,000. Finally, Clear Perspectives Financial Planning LLC increased its position in shares of Home Depot by 135.0% during the first quarter. Clear Perspectives Financial Planning LLC now owns 94 shares of the home improvement retailer’s stock worth $28,000 after purchasing an additional 54 shares in the last quarter. 68.66% of the stock is currently owned by institutional investors and hedge funds.
Home Depot Price Performance
Shares of HD opened at $274.17 on Wednesday. The Home Depot, Inc. has a twelve month low of $264.51 and a twelve month high of $420.61. The stock’s 50 day moving average is $300.39 and its two-hundred day moving average is $300.50. The firm has a market capitalization of $280.68 billion, a PE ratio of 16.85, a P/E/G ratio of 1.51 and a beta of 0.99. The company has a current ratio of 1.18, a quick ratio of 0.25 and a debt-to-equity ratio of 165.70.
Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share for the quarter, beating analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The company had revenue of $43.79 billion for the quarter, compared to analyst estimates of $43.33 billion. During the same quarter in the previous year, the company earned $4.53 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts anticipate that The Home Depot, Inc. will post 16.56 earnings per share for the current year.
Home Depot declared that its Board of Directors has initiated a stock buyback program on Thursday, August 18th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Home Depot Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $1.90 per share. The ex-dividend date was Wednesday, August 31st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.77%. Home Depot’s payout ratio is 46.71%.
In other news, EVP Matt Carey sold 12,650 shares of Home Depot stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the completion of the sale, the executive vice president now directly owns 34,522 shares in the company, valued at approximately $10,917,927.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Matt Carey sold 12,650 shares of Home Depot stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the completion of the transaction, the executive vice president now directly owns 34,522 shares in the company, valued at approximately $10,917,927.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 1,000 shares of Home Depot stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $300.59, for a total value of $300,590.00. Following the transaction, the executive vice president now owns 6,180 shares of the company’s stock, valued at $1,857,646.20. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on HD shares. Evercore ISI cut their target price on Home Depot to $360.00 in a research report on Thursday, June 9th. Truist Financial lifted their target price on Home Depot from $375.00 to $399.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Robert W. Baird raised their price target on Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. Raymond James raised their price target on Home Depot from $340.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. Finally, UBS Group raised their price target on Home Depot from $360.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $365.95.
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 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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