Home Depot Inc (NYSE:HD) Position Trimmed by Eqis Capital Management Inc.
Eqis Capital Management Inc. decreased its position in shares of Home Depot Inc (NYSE:HD) by 49.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,163 shares of the home improvement retailer’s stock after selling 2,121 shares during the period. Eqis Capital Management Inc.’s holdings in Home Depot were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Amalgamated Bank increased its holdings in shares of Home Depot by 4.2% during the second quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock valued at $35,126,000 after acquiring an additional 7,323 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Home Depot by 3.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock worth $1,143,434,000 after buying an additional 230,769 shares during the period. Heritage Investors Management Corp increased its holdings in Home Depot by 0.3% in the 2nd quarter. Heritage Investors Management Corp now owns 144,425 shares of the home improvement retailer’s stock worth $28,177,000 after buying an additional 395 shares during the period. California State Teachers Retirement System increased its holdings in Home Depot by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 2,093,731 shares of the home improvement retailer’s stock worth $396,825,000 after buying an additional 49,863 shares during the period. Finally, Synovus Financial Corp increased its holdings in Home Depot by 3.8% in the 1st quarter. Synovus Financial Corp now owns 220,730 shares of the home improvement retailer’s stock worth $39,357,000 after buying an additional 8,102 shares during the period. Institutional investors and hedge funds own 69.01% of the company’s stock.
Several equities analysts recently weighed in on HD shares. Citigroup increased their price target on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, August 10th. Wells Fargo & Co reaffirmed a “buy” rating and set a $230.00 price objective on shares of Home Depot in a research note on Sunday, September 16th. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Morgan Stanley increased their target price on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, UBS Group increased their target price on Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. Six analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $207.40.
Shares of NYSE:HD traded up $2.73 during midday trading on Friday, reaching $192.47. 5,354,002 shares of the company’s stock were exchanged, compared to its average volume of 4,627,644. The company has a market capitalization of $237.01 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.63 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. Home Depot Inc has a fifty-two week low of $160.53 and a fifty-two week high of $215.43.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.21. The company had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. Home Depot’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. As a group, equities research analysts predict that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Wednesday, August 29th. Home Depot’s dividend payout ratio is currently 55.23%.
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.
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