Gamble Jones Investment Counsel lessened its stake in shares of Home Depot Inc (NYSE:HD) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,235 shares of the home improvement retailer’s stock after selling 560 shares during the period. Gamble Jones Investment Counsel’s holdings in Home Depot were worth $4,463,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bourgeon Capital Management LLC acquired a new stake in Home Depot in the third quarter valued at approximately $46,000. Notis McConarty Edward raised its holdings in shares of Home Depot by 3.6% in the third quarter. Notis McConarty Edward now owns 13,807 shares of the home improvement retailer’s stock worth $3,203,000 after buying an additional 477 shares during the last quarter. Pettyjohn Wood & White Inc. raised its holdings in shares of Home Depot by 18.4% in the third quarter. Pettyjohn Wood & White Inc. now owns 38,956 shares of the home improvement retailer’s stock worth $9,038,000 after buying an additional 6,067 shares during the last quarter. Haverford Trust Co. raised its holdings in shares of Home Depot by 3.4% in the third quarter. Haverford Trust Co. now owns 88,211 shares of the home improvement retailer’s stock worth $20,467,000 after buying an additional 2,931 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Home Depot by 0.6% in the third quarter. Daiwa Securities Group Inc. now owns 77,274 shares of the home improvement retailer’s stock worth $17,930,000 after buying an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 69.62% of the company’s stock.
Several research analysts recently issued reports on the stock. KeyCorp reissued a “hold” rating on shares of Home Depot in a report on Wednesday, August 21st. Bank of America reissued a “hold” rating and set a $235.00 target price on shares of Home Depot in a report on Wednesday, November 20th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Home Depot in a report on Tuesday, November 19th. Telsey Advisory Group lifted their target price on shares of Home Depot from $210.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, September 25th. Finally, UBS Group boosted their price target on shares of Home Depot from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $235.29.
Shares of Home Depot stock opened at $220.51 on Monday. The company has a market cap of $243.26 billion, a P/E ratio of 22.30, a PEG ratio of 2.24 and a beta of 1.04. Home Depot Inc has a one year low of $158.09 and a one year high of $239.31. The firm has a fifty day moving average of $231.93 and a two-hundred day moving average of $217.30.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $2.53. The business had revenue of $27.22 billion during the quarter, compared to the consensus estimate of $27.51 billion. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.51 EPS. As a group, equities analysts anticipate that Home Depot Inc will post 10.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $5.44 annualized dividend and a dividend yield of 2.47%. Home Depot’s dividend payout ratio is currently 55.01%.
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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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