WoodTrust Financial Corp cut its position in shares of Home Depot Inc (NYSE:HD) by 8.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,654 shares of the home improvement retailer’s stock after selling 1,981 shares during the period. Home Depot comprises 1.9% of WoodTrust Financial Corp’s portfolio, making the stock its 20th biggest position. WoodTrust Financial Corp’s holdings in Home Depot were worth $4,043,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Belmont Capital LLC acquired a new position in Home Depot during the 4th quarter valued at about $28,000. Litman Gregory Asset Management LLC increased its position in Home Depot by 2,042.9% during the 4th quarter. Litman Gregory Asset Management LLC now owns 150 shares of the home improvement retailer’s stock valued at $33,000 after buying an additional 143 shares in the last quarter. Evolution Wealth Advisors LLC increased its position in Home Depot by 85.9% during the 4th quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 73 shares in the last quarter. John W. Brooker & Co. CPAs acquired a new position in Home Depot during the 4th quarter valued at about $37,000. Finally, Candriam Luxembourg S.C.A. grew its stake in Home Depot by 17.1% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 202,813 shares of the home improvement retailer’s stock valued at $44,000 after purchasing an additional 29,578 shares during the last quarter. 69.73% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on the company. Credit Suisse Group dropped their price target on Home Depot from $255.00 to $215.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Cfra upgraded Home Depot from a “hold” rating to a “strong-buy” rating and set a $255.00 price target on the stock in a research note on Wednesday, March 11th. Telsey Advisory Group upped their target price on Home Depot from $230.00 to $244.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. Wedbush reduced their target price on Home Depot from $230.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday, December 12th. Finally, Royal Bank of Canada reduced their target price on Home Depot from $246.00 to $232.00 and set an “outperform” rating for the company in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and an average price target of $239.24.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $2.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.17. Home Depot had a negative return on equity of 599.49% and a net margin of 10.20%. The company had revenue of $25.78 billion for the quarter, compared to analyst estimates of $25.78 billion. During the same quarter in the previous year, the company earned $2.25 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities research analysts predict that Home Depot Inc will post 10.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Wednesday, March 11th. This is a positive change from Home Depot’s previous quarterly dividend of $1.36. Home Depot’s payout ratio is currently 58.54%.
In other Home Depot news, EVP William G. Lennie sold 9,848 shares of Home Depot stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $234.34, for a total value of $2,307,780.32. Following the sale, the executive vice president now owns 37,995 shares of the company’s stock, valued at approximately $8,903,748.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by insiders.
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.
Featured Article: What are the FAANG Stocks?
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.