The The Home Depot Inc. (HD) Stake Lowered by JFS Wealth Advisors LLC

The The Home Depot Inc. (HD) Stake Lowered by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC reduced its position in The Home Depot Inc. (NYSE:HD) by 11.5% during the second quarter, Holdings Channel reports. The fund owned 4,245 shares of the home improvement retailer’s stock after selling 553 shares during the period. JFS Wealth Advisors LLC’s holdings in The Home Depot were worth $542,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can acquired a new position in The Home Depot during the second quarter worth about $337,042,000. Marsico Capital Management LLC boosted its stake in The Home Depot by 605.0% in the first quarter. Marsico Capital Management LLC now owns 1,491,833 shares of the home improvement retailer’s stock worth $199,055,000 after buying an additional 1,280,239 shares during the period. Geode Capital Management LLC boosted its stake in The Home Depot by 6.1% in the first quarter. Geode Capital Management LLC now owns 10,960,092 shares of the home improvement retailer’s stock worth $1,459,625,000 after buying an additional 630,567 shares during the period. 1832 Asset Management L.P. boosted its stake in The Home Depot by 43.5% in the first quarter. 1832 Asset Management L.P. now owns 1,645,719 shares of the home improvement retailer’s stock worth $367,513,000 after buying an additional 499,166 shares during the period. Finally, Virginia Retirement System purchased a new stake in The Home Depot during the first quarter worth $59,331,000. Institutional investors own 71.86% of the company’s stock.

The Home Depot Inc. (NYSE:HD) traded up 0.67% during mid-day trading on Wednesday, hitting $126.69. 3,545,888 shares of the company traded hands. The company has a market capitalization of $156.53 billion, a price-to-earnings ratio of 21.44 and a beta of 0.97. The company’s 50-day moving average price is $129.84 and its 200 day moving average price is $132.51. The Home Depot Inc. has a one year low of $109.62 and a one year high of $139.00.

The Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.97. The firm earned $26.47 billion during the quarter, compared to analysts’ expectations of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.71 EPS. On average, analysts anticipate that The Home Depot Inc. will post $6.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.69 per share. The ex-dividend date was Tuesday, August 30th. This represents a $2.76 annualized dividend and a yield of 2.18%. The Home Depot’s dividend payout ratio is currently 46.54%.

A number of analysts recently weighed in on HD shares. Vetr cut shares of The Home Depot from a “buy” rating to a “hold” rating and set a $135.32 price objective on the stock. in a report on Monday, July 11th. Jefferies Group reaffirmed a “buy” rating on shares of The Home Depot in a report on Sunday, July 3rd. Zacks Investment Research cut shares of The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $143.00 price objective on shares of The Home Depot in a report on Friday, June 17th. Finally, Argus reaffirmed a “hold” rating and issued a $154.00 price objective on shares of The Home Depot in a report on Friday, September 16th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The Home Depot currently has a consensus rating of “Buy” and an average target price of $146.86.

In other news, CFO Carol B. Tome sold 97,610 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $135.35, for a total value of $13,211,513.50. Following the completion of the sale, the chief financial officer now directly owns 644,831 shares of the company’s stock, valued at approximately $87,277,875.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 11,671 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $136.03, for a total value of $1,587,606.13. Following the completion of the sale, the executive vice president now directly owns 44,107 shares of the company’s stock, valued at $5,999,875.21. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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