Vestor Capital LLC lifted its stake in Home Depot Inc (NYSE:HD) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,235 shares of the home improvement retailer’s stock after purchasing an additional 6,191 shares during the quarter. Home Depot comprises about 2.1% of Vestor Capital LLC’s holdings, making the stock its 20th largest holding. Vestor Capital LLC’s holdings in Home Depot were worth $11,903,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Evolution Wealth Advisors LLC acquired a new stake in shares of Home Depot in the second quarter valued at $31,000. MRA Associates USA LLC acquired a new stake in shares of Home Depot in the second quarter valued at $34,000. Thor Advisors LLC acquired a new stake in shares of Home Depot in the first quarter valued at $32,000. Virtus ETF Advisers LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $32,000. Finally, Enlightenment Research LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $34,000. 69.35% of the stock is owned by hedge funds and other institutional investors.
HD has been the subject of a number of research reports. Credit Suisse Group set a $213.00 price objective on Home Depot and gave the company a “neutral” rating in a research note on Tuesday. Gabelli cut Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price objective on Home Depot to $230.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Argus set a $240.00 price objective on Home Depot and gave the company a “buy” rating in a research note on Wednesday. Finally, Loop Capital lifted their target price on Home Depot to $200.00 and gave the company a “hold” rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $220.11.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.07 by $0.10. The firm had revenue of $30.84 billion during the quarter, compared to analyst estimates of $30.98 billion. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. Home Depot’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $3.05 earnings per share. As a group, equities research analysts predict that Home Depot Inc will post 10.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.49%. Home Depot’s dividend payout ratio (DPR) is 55.01%.
In other Home Depot news, CFO Carol B. Tome sold 26,334 shares of Home Depot stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $189.17, for a total transaction of $4,981,602.78. Following the completion of the sale, the chief financial officer now directly owns 519,253 shares of the company’s stock, valued at approximately $98,227,090.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matt Carey sold 34,688 shares of Home Depot stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the sale, the executive vice president now directly owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The disclosure for this sale can be found here. Insiders have sold a total of 69,522 shares of company stock valued at $13,643,931 over the last ninety days. 0.27% of the stock is owned by company insiders.
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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