Artemis Investment Management LLP trimmed its holdings in shares of Home Depot Inc (NYSE:HD) by 40.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 181,521 shares of the home improvement retailer’s stock after selling 124,596 shares during the period. Artemis Investment Management LLP’s holdings in Home Depot were worth $29,683,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. PVG Asset Management Corp bought a new stake in shares of Home Depot during the first quarter valued at approximately $503,000. Colonial Trust Advisors increased its position in shares of Home Depot by 5.5% during the first quarter. Colonial Trust Advisors now owns 24,615 shares of the home improvement retailer’s stock valued at $3,845,000 after acquiring an additional 1,290 shares in the last quarter. Fiduciary Trust Co. increased its position in shares of Home Depot by 2.4% during the first quarter. Fiduciary Trust Co. now owns 293,491 shares of the home improvement retailer’s stock valued at $43,093,000 after acquiring an additional 6,991 shares in the last quarter. Saturna Capital CORP increased its position in shares of Home Depot by 11.1% during the first quarter. Saturna Capital CORP now owns 7,978 shares of the home improvement retailer’s stock valued at $1,171,000 after acquiring an additional 800 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in shares of Home Depot during the first quarter valued at approximately $232,000. Hedge funds and other institutional investors own 70.18% of the company’s stock.
HD has been the subject of a number of research analyst reports. Oppenheimer reaffirmed a “buy” rating on shares of Home Depot in a research report on Tuesday, December 26th. Moffett Nathanson initiated coverage on shares of Home Depot in a research report on Monday, December 4th. They issued a “buy” rating for the company. Morgan Stanley set a $185.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research report on Friday, December 8th. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Guggenheim initiated coverage on shares of Home Depot in a research report on Wednesday, December 13th. They issued a “buy” rating and a $200.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Home Depot currently has a consensus rating of “Buy” and a consensus target price of $183.28.
Home Depot Inc (HD) opened at $197.91 on Tuesday. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. Home Depot Inc has a one year low of $134.60 and a one year high of $199.42. The firm has a market cap of $229,370.00, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.82 and a beta of 1.11.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter in the previous year, the company earned $1.60 EPS. Home Depot’s revenue for the quarter was up 8.1% on a year-over-year basis. research analysts expect that Home Depot Inc will post 7.38 earnings per share for the current year.
Home Depot announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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