Alps Advisors Inc. Has $1.83 Million Stake in Home Depot Inc (HD)

Alps Advisors Inc. decreased its position in shares of Home Depot Inc (NYSE:HD) by 5.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,364 shares of the home improvement retailer’s stock after selling 553 shares during the quarter. Alps Advisors Inc.’s holdings in Home Depot were worth $1,827,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in HD. HC Financial Advisors Inc. acquired a new stake in Home Depot in the fourth quarter worth about $3,778,000. Sterling Capital Management LLC lifted its holdings in Home Depot by 13.3% in the 4th quarter. Sterling Capital Management LLC now owns 107,041 shares of the home improvement retailer’s stock valued at $20,287,000 after acquiring an additional 12,586 shares during the last quarter. Altman Advisors Inc. acquired a new stake in Home Depot in the 4th quarter valued at about $2,799,000. Halsey Associates Inc. CT lifted its holdings in Home Depot by 8.1% in the 4th quarter. Halsey Associates Inc. CT now owns 5,073 shares of the home improvement retailer’s stock valued at $962,000 after acquiring an additional 380 shares during the last quarter. Finally, Banco de Sabadell S.A acquired a new stake in Home Depot in the 4th quarter valued at about $10,227,000. 69.01% of the stock is owned by institutional investors.

In other news, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the transaction, the executive vice president now owns 40,057 shares in the company, valued at approximately $8,077,093.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares in the company, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

HD has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a report on Friday, August 10th. Wells Fargo & Co reissued a “buy” rating and issued a $230.00 price target on shares of Home Depot in a report on Sunday, September 16th. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. UBS Group upped their price target on shares of Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, June 20th. Finally, Loop Capital set a $200.00 price objective on Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $206.80.

NYSE HD opened at $196.38 on Monday. The stock has a market cap of $237.01 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 1.63 and a beta of 1.11. Home Depot Inc has a 1 year low of $160.53 and a 1 year high of $215.43. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. The company had revenue of $30.46 billion for 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%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. On average, sell-side analysts expect that Home Depot Inc will post 9.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were issued a $1.03 dividend. The ex-dividend date was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.10%. Home Depot’s dividend payout ratio is 55.23%.

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.

See Also: How is the S&P 500 index different from the DJIA?

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).

Institutional Ownership by Quarter for Home Depot (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.

Leave a Reply