Kovack Advisors Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,226 shares of the home improvement retailer’s stock after acquiring an additional 228 shares during the period. The Home Depot makes up 0.6% of Kovack Advisors Inc.’s holdings, making the stock its 23rd largest position. Kovack Advisors Inc.’s holdings in The Home Depot were worth $4,310,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in HD. Douglas Lane & Associates LLC increased its position in shares of The Home Depot by 3.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 42,226 shares of the home improvement retailer’s stock worth $11,216,000 after purchasing an additional 1,401 shares during the period. RNC Capital Management LLC lifted its position in The Home Depot by 1.9% during the fourth quarter. RNC Capital Management LLC now owns 107,903 shares of the home improvement retailer’s stock worth $28,661,000 after purchasing an additional 2,052 shares during the period. Pacific Wealth Strategies Group Inc. grew its stake in The Home Depot by 8.1% during the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 15,682 shares of the home improvement retailer’s stock worth $4,220,000 after buying an additional 1,175 shares in the last quarter. Strategic Investment Advisors MI increased its holdings in The Home Depot by 135.7% in the 4th quarter. Strategic Investment Advisors MI now owns 5,585 shares of the home improvement retailer’s stock valued at $1,483,000 after buying an additional 3,215 shares during the period. Finally, IFM Investors Pty Ltd raised its position in shares of The Home Depot by 16.2% in the 4th quarter. IFM Investors Pty Ltd now owns 103,937 shares of the home improvement retailer’s stock valued at $27,608,000 after buying an additional 14,498 shares in the last quarter. Institutional investors own 63.23% of the company’s stock.
Several analysts recently issued reports on HD shares. Telsey Advisory Group upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $300.00 to $315.00 in a research report on Monday, November 16th. Wedbush lowered The Home Depot from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 11th. BNP Paribas initiated coverage on The Home Depot in a report on Monday, October 5th. They set an “outperform” rating and a $310.00 price target for the company. Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price objective on the stock in a research note on Wednesday. Finally, Oppenheimer downgraded The Home Depot from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $320.00 to $305.00 in a research note on Friday, September 18th. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $293.25.
The Home Depot (NYSE:HD) last released its quarterly earnings data on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.08 by $0.10. The firm had revenue of $33.54 billion for the quarter, compared to the consensus estimate of $32.03 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. During the same quarter in the prior year, the company posted $2.53 earnings per share. Sell-side analysts forecast that The Home Depot, Inc. will post 11.76 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd were paid a dividend of $1.50 per share. The ex-dividend date was Wednesday, December 2nd. This represents a $6.00 dividend on an annualized basis and a yield of 2.21%. The Home Depot’s dividend payout ratio (DPR) is currently 58.54%.
In related news, COO Edward P. Decker sold 25,595 shares of the firm’s stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $269.40, for a total transaction of $6,895,293.00. Following the transaction, the chief operating officer now directly owns 97,352 shares of the company’s stock, valued at $26,226,628.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 120 shares of the business’s stock in a transaction dated Friday, November 20th. The stock was sold at an average price of $269.03, for a total transaction of $32,283.60. Following the transaction, the executive vice president now owns 46,611 shares in the company, valued at $12,539,757.33. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
About The Home Depot
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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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