L & S Advisors Inc lowered its holdings in shares of Home Depot Inc (NYSE:HD) by 31.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,542 shares of the home improvement retailer’s stock after selling 15,140 shares during the period. Home Depot accounts for 0.9% of L & S Advisors Inc’s investment portfolio, making the stock its 23rd largest holding. L & S Advisors Inc’s holdings in Home Depot were worth $6,768,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Home Depot by 8,331.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock worth $125,000 after acquiring an additional 21,212,570 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Home Depot by 2.2% in the 1st quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock valued at $1,381,583,000 after purchasing an additional 158,174 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Home Depot by 0.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock valued at $1,488,431,000 after purchasing an additional 25,410 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Home Depot by 2.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,536,321 shares of the home improvement retailer’s stock valued at $1,151,422,000 after purchasing an additional 127,532 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Home Depot by 2.9% in the 2nd quarter. Fisher Asset Management LLC now owns 4,854,657 shares of the home improvement retailer’s stock valued at $1,009,623,000 after purchasing an additional 138,011 shares in the last quarter. Institutional investors own 70.12% of the company’s stock.
NYSE:HD opened at $233.53 on Friday. The firm has a 50-day moving average price of $217.12 and a two-hundred day moving average price of $203.15. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $235.49. The company has a market capitalization of $255.17 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The firm had revenue of $30.84 billion during the quarter, compared to the consensus estimate of $30.98 billion. During the same period last year, the firm posted $3.05 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Home Depot Inc will post 10.11 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a dividend of $1.36 per share. The ex-dividend date is Wednesday, September 4th. This represents a $5.44 annualized dividend and a dividend yield of 2.33%. Home Depot’s dividend payout ratio is currently 55.01%.
In related news, EVP William G. Lennie sold 9,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total value of $2,024,460.00. Following the sale, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at $18,511,266.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Carol B. Tome sold 145,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the completion of the sale, the chief financial officer now directly owns 496,374 shares in the company, valued at $108,725,760.96. The disclosure for this sale can be found here. Insiders have sold a total of 177,508 shares of company stock worth $39,076,428 over the last ninety days. 0.27% of the stock is owned by corporate insiders.
A number of equities analysts have recently issued reports on the stock. Credit Suisse Group set a $213.00 price target on shares of Home Depot and gave the company a “neutral” rating in a report on Tuesday, August 20th. SunTrust Banks reiterated a “hold” rating and issued a $208.00 price target on shares of Home Depot in a report on Wednesday, August 21st. Gabelli downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. They noted that the move was a valuation call. Morgan Stanley increased their price target on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Argus set a $240.00 price target on shares of Home Depot and gave the company a “buy” rating in a report on Wednesday, August 21st. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $221.39.
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.
Further Reading: What is a Stop Order?
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.