Cooper Financial Group Has $2.66 Million Stake in The Home Depot, Inc. (NYSE:HD)

Cooper Financial Group increased its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 2.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,945 shares of the home improvement retailer’s stock after purchasing an additional 164 shares during the quarter. Cooper Financial Group’s holdings in Home Depot were worth $2,664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its holdings in shares of Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Home Depot by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after buying an additional 347,614 shares in the last quarter. Norges Bank bought a new position in Home Depot in the fourth quarter valued at approximately $4,311,070,000. Fisher Asset Management LLC lifted its position in shares of Home Depot by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after buying an additional 195,670 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Home Depot by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock valued at $2,240,783,000 after acquiring an additional 82,672 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the subject of a number of recent research reports. HSBC lowered their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. Evercore ISI increased their price target on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Wedbush reissued an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. Mizuho started coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. Finally, Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $377.46.

View Our Latest Stock Analysis on HD

Home Depot Price Performance

Shares of NYSE:HD traded up $2.36 during mid-day trading on Friday, reaching $355.80. The stock had a trading volume of 6,596,539 shares, compared to its average volume of 3,061,367. The company has a market cap of $352.81 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. The business’s 50 day moving average price is $337.65 and its 200 day moving average price is $352.23. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HDGet Free Report) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.82 EPS. Research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Company Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells 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, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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