Point72 Hong Kong Ltd Acquires New Position in Home Depot Inc (NYSE:HD)

Point72 Hong Kong Ltd acquired a new stake in shares of Home Depot Inc (NYSE:HD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,698 shares of the home improvement retailer’s stock, valued at approximately $2,641,000. Home Depot makes up about 0.7% of Point72 Hong Kong Ltd’s holdings, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HD. Kovack Advisors Inc. raised its holdings in shares of Home Depot by 3.8% during the 4th quarter. Kovack Advisors Inc. now owns 15,668 shares of the home improvement retailer’s stock valued at $2,692,000 after buying an additional 568 shares in the last quarter. Cornell Pochily Investment Advisors Inc. bought a new position in Home Depot during the 4th quarter worth approximately $339,000. Swedbank grew its position in Home Depot by 0.9% during the 4th quarter. Swedbank now owns 725,937 shares of the home improvement retailer’s stock worth $123,569,000 after acquiring an additional 6,539 shares during the last quarter. Whitener Capital Management Inc. grew its position in Home Depot by 43.7% during the 4th quarter. Whitener Capital Management Inc. now owns 6,590 shares of the home improvement retailer’s stock worth $1,132,000 after acquiring an additional 2,005 shares during the last quarter. Finally, Strategic Financial Group LLC grew its position in Home Depot by 46.5% during the 4th quarter. Strategic Financial Group LLC now owns 4,037 shares of the home improvement retailer’s stock worth $694,000 after acquiring an additional 1,282 shares during the last quarter. 69.92% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the company. ValuEngine upgraded Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. SunTrust Banks restated a “hold” rating and set a $208.00 price target on shares of Home Depot in a research report on Wednesday, August 21st. DZ Bank lowered Home Depot from a “hold” rating to a “sell” rating in a research report on Thursday. Goldman Sachs Group assumed coverage on Home Depot in a research report on Thursday, July 11th. They set a “buy” rating and a $235.00 price target on the stock. Finally, Morgan Stanley raised their price target on Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $221.39.

Shares of HD stock traded down $3.45 during trading hours on Friday, reaching $224.67. The company’s stock had a trading volume of 7,071,130 shares, compared to its average volume of 3,619,660. The stock has a market capitalization of $246.05 billion, a P/E ratio of 22.72, a P/E/G ratio of 2.14 and a beta of 1.05. Home Depot Inc has a one year low of $158.09 and a one year high of $235.49. The firm’s fifty day simple moving average is $219.47 and its 200 day simple moving average is $204.89.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. The firm had revenue of $30.84 billion for 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%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $3.05 EPS. Analysts expect that Home Depot Inc will post 10.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $1.36 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.42%. Home Depot’s dividend payout ratio is currently 55.01%.

In other news, EVP William G. Lennie sold 9,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total value of $2,024,460.00. Following the completion of the transaction, the executive vice president now owns 84,123 shares in the company, valued at approximately $18,511,266.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Carol B. Tome sold 145,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the transaction, the chief financial officer now owns 496,374 shares of the company’s stock, valued at approximately $108,725,760.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 177,508 shares of company stock worth $39,076,428. Corporate insiders own 0.27% of the company’s stock.

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

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