Private Advisor Group LLC Grows Holdings in Home Depot Inc (HD)

Private Advisor Group LLC raised its stake in Home Depot Inc (NYSE:HD) by 43.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,135 shares of the home improvement retailer’s stock after purchasing an additional 32,039 shares during the quarter. Private Advisor Group LLC’s holdings in Home Depot were worth $21,986,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HD. Amussen Hunsaker Associates LLC purchased a new stake in shares of Home Depot during the second quarter worth about $107,000. CSat Investment Advisory L.P. purchased a new stake in shares of Home Depot during the second quarter worth about $112,000. Mainstay Capital Management LLC ADV increased its position in shares of Home Depot by 203.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after acquiring an additional 400 shares during the last quarter. RPg Family Wealth Advisory LLC increased its position in shares of Home Depot by 84.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after acquiring an additional 275 shares during the last quarter. Finally, Fort L.P. purchased a new stake in shares of Home Depot during the second quarter worth about $120,000. 69.72% of the stock is currently owned by institutional investors.

NYSE:HD opened at $179.41 on Friday. The stock has a market capitalization of $203.01 billion, a P/E ratio of 24.05, a PEG ratio of 1.42 and a beta of 1.17. Home Depot Inc has a one year low of $158.09 and a one year high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. The business had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. On average, analysts predict that Home Depot Inc will post 9.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 13th. Investors of record on Thursday, November 29th were paid a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a yield of 2.30%. Home Depot’s dividend payout ratio (DPR) is 55.23%.

In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of Home Depot stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total value of $21,168,137.34. Following the completion of the transaction, the chief executive officer now directly owns 264,970 shares in the company, valued at $47,805,887.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 7,203 shares of Home Depot stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $177.45, for a total value of $1,278,172.35. Following the completion of the transaction, the executive vice president now owns 23,109 shares of the company’s stock, valued at $4,100,692.05. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 13,750 shares of company stock valued at $2,401,470 and sold 137,987 shares valued at $24,769,526. 0.25% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on HD. Robert W. Baird dropped their target price on Home Depot from $215.00 to $210.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 13th. Morgan Stanley dropped their target price on Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Loop Capital dropped their target price on Home Depot from $200.00 to $180.00 and set a “hold” rating on the stock in a research report on Tuesday, November 13th. Credit Suisse Group set a $204.00 target price on Home Depot and gave the stock a “hold” rating in a research report on Tuesday, November 13th. Finally, Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Home Depot has an average rating of “Buy” and an average price target of $204.60.

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Home Depot Company 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.

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

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