Brighton Jones LLC raised its position in The Home Depot Inc. (NYSE:HD) by 6.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,710 shares of the home improvement retailer’s stock after buying an additional 899 shares during the period. Brighton Jones LLC’s holdings in The Home Depot were worth $2,022,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in HD. Steinberg Global Asset Management raised its position in shares of The Home Depot by 8.7% in the first quarter. Steinberg Global Asset Management now owns 29,486 shares of the home improvement retailer’s stock worth $3,934,000 after buying an additional 2,353 shares in the last quarter. Atlanta Capital Management Co. L L C raised its position in shares of The Home Depot by 12.0% in the first quarter. Atlanta Capital Management Co. L L C now owns 109,262 shares of the home improvement retailer’s stock worth $14,579,000 after buying an additional 11,689 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of The Home Depot during the first quarter worth approximately $432,000. Moore Capital Management LP purchased a new position in shares of The Home Depot during the first quarter worth approximately $23,350,000. Finally, Sapphire Star Partners LP raised its position in shares of The Home Depot by 100.0% in the first quarter. Sapphire Star Partners LP now owns 29,446 shares of the home improvement retailer’s stock worth $3,894,000 after buying an additional 14,723 shares in the last quarter. 71.31% of the stock is owned by hedge funds and other institutional investors.
Shares of The Home Depot Inc. (NYSE:HD) traded up 0.27% during midday trading on Friday, hitting $131.57. 2,545,977 shares of the company traded hands. The stock’s 50-day moving average is $125.80 and its 200 day moving average is $130.49. The stock has a market capitalization of $161.04 billion, a P/E ratio of 21.36 and a beta of 1.05. The Home Depot Inc. has a 12-month low of $109.62 and a 12-month high of $139.00.
The Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.02. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The firm earned $23.20 billion during the quarter, compared to the consensus estimate of $23.05 billion. During the same period last year, the firm posted $1.36 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts expect that The Home Depot Inc. will post $6.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, November 29th. The Home Depot’s dividend payout ratio is currently 44.66%.
A number of equities analysts have commented on HD shares. Vetr upgraded shares of The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price objective on the stock in a report on Thursday, September 8th. Argus upped their target price on shares of The Home Depot from $150.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Citigroup Inc. upped their target price on shares of The Home Depot from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Deutsche Bank AG upped their target price on shares of The Home Depot from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, Stifel Nicolaus initiated coverage on shares of The Home Depot in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $157.00 target price on the stock. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $145.24.
In related news, EVP Mark Holifield sold 15,606 shares of The Home Depot stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $128.39, for a total transaction of $2,003,654.34. Following the completion of the transaction, the executive vice president now directly owns 39,499 shares of the company’s stock, valued at approximately $5,071,276.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffery H. Boyd purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were purchased at an average cost of $128.27 per share, with a total value of $1,282,700.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $1,282,700. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.
About The Home Depot
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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.