Nicolet Bankshares Inc. cut its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 5.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,583 shares of the home improvement retailer’s stock after selling 600 shares during the period. Home Depot, Inc. (The) makes up approximately 0.7% of Nicolet Bankshares Inc.’s holdings, making the stock its 22nd largest position. Nicolet Bankshares Inc.’s holdings in Home Depot, Inc. (The) were worth $1,407,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in HD. Advantage Investment Management LLC bought a new stake in Home Depot, Inc. (The) during the fourth quarter valued at $103,000. CT Financial Advisors LLC raised its stake in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in Home Depot, Inc. (The) during the fourth quarter valued at $131,000. University of Texas Investment Managment Co. bought a new stake in Home Depot, Inc. (The) during the first quarter valued at $132,000. Finally, Peoples Financial Services CORP. raised its stake in Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock valued at $151,000 after buying an additional 125 shares in the last quarter. Institutional investors own 72.44% of the company’s stock.
Home Depot, Inc. (NYSE:HD) opened at 156.64 on Friday. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The stock has a 50 day moving average price of $155.49 and a 200-day moving average price of $144.83. The firm has a market cap of $187.27 billion, a P/E ratio of 23.44 and a beta of 1.10. Home Depot, Inc. (The) also saw unusually large options trading activity on Wednesday. Stock investors acquired 14,245 put options on the stock. This is an increase of approximately 156% compared to the average volume of 5,555 put options.
Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The company had revenue of $23.89 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. Home Depot, Inc. (The)’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts forecast that Home Depot, Inc. will post $7.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a $0.89 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $3.56 annualized dividend and a dividend yield of 2.27%. Home Depot, Inc. (The)’s dividend payout ratio is 53.29%.
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Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $178.00 price objective (up from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Vetr upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 price objective on the stock in a research note on Tuesday, May 30th. Argus upped their price objective on Home Depot, Inc. (The) to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 22nd. Barclays PLC reiterated an “overweight” rating and issued a $165.00 price objective (up from $150.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Finally, Credit Suisse Group set a $163.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $163.89.
In other Home Depot, Inc. (The) news, Director Wayne M. Hewett acquired 350 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $157.11 per share, with a total value of $54,988.50. Following the completion of the purchase, the director now directly owns 1,400 shares in the company, valued at approximately $219,954. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 7,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the completion of the sale, the executive vice president now directly owns 54,091 shares in the company, valued at approximately $8,468,486.96. The disclosure for this sale can be found here. In the last three months, insiders sold 128,900 shares of company stock worth $20,167,386. 0.26% of the stock is currently owned by insiders.
About Home Depot, Inc. (The)
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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