Glassman Wealth Services increases its holdings in Home Depot, Inc. (NYSE:HD)

0

Glassman Wealth Services increased its holdings in The Home Depot, Inc. (NYSE: HD – Get Rating) by 5.6% in Q1, according to the company in its most recent Form 13F filing with the SEC. The company held 6,471 shares of the home improvement retailer’s stock after buying an additional 342 shares during the quarter. Home Depot accounts for about 0.4% of Glassman Wealth Services’ holdings, making it its 25th largest holding. Glassman Wealth Services’ holdings in Home Depot were worth $1,937,000 when it last filed with the SEC.

Several other hedge funds and other institutional investors also bought and sold shares of the company. Matisse Capital increased its stake in Home Depot by 3.9% in the first quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer valued at $797,000 after acquiring 100 additional shares last quarter. Cim LLC increased its stake in Home Depot by 8.2% in the first quarter. Cim LLC now owns 4,957 shares of the home improvement retailer’s stock valued at $1,520,000 after acquiring 375 additional shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Home Depot by 4.6% in the first quarter. Hexagon Capital Partners LLC now owns 3,961 shares of the home improvement retailer valued at $1,186,000 after acquiring 173 additional shares last quarter. CAPROCK Group Inc. increased its stake in Home Depot by 4.4% in the first quarter. CAPROCK Group Inc. now owns 20,066 shares of the home improvement retailer valued at $6,006,000 after acquiring 843 additional shares in the last quarter. Finally, Richard P Slaughter Associates Inc increased its stake in Home Depot by 36.1% in the first quarter. Richard P Slaughter Associates Inc now owns 766 shares of the home improvement retailer’s stock valued at $229,000 after acquiring an additional 203 shares in the last quarter. 70.61% of the shares are held by institutional investors and hedge funds.

HD has been the subject of several analyst reports. Evercore ISI cut its target price on Home Depot stock to $360.00 in a Thursday, June 9 report. Jefferies Financial Group cut its price target on Home Depot stock from $420.00 to $400.00 and set a “buy” rating on the stock in a Wednesday, May 18 report. Guggenheim cut its price target on Home Depot stock from $400.00 to $350.00 and gave the stock an “na” rating in a Wednesday, May 18, report. OTR Global downgraded Home Depot shares to a “positive” rating in a Tuesday, May 10, report. Finally, StockNews.com moved Home Depot shares from a “buy” rating to a “hold” rating in a report on Friday, May 27. Five analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $369.82.

NYSE: HD opened at $283.00 on Friday. The company’s fifty-day moving average price is $294.61 and its 200-day moving average price is $332.16. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The company has a debt ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The company has a market capitalization of $290.86 billion, a price-to-earnings ratio of 17.97, a growth price-to-earnings ratio of 1.65 and a beta of 0.97.

Home Depot (NYSE:HD – Get Rating) last released quarterly earnings data on Tuesday, May 17. The home improvement retailer reported earnings per share of $4.09 for the quarter, beating analysts’ consensus estimate of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The company posted revenue of $38.91 billion for the quarter, versus analyst estimates of $36.78 billion. During the same period last year, the company posted EPS of $3.86. Home Depot’s quarterly revenue rose 3.8% year over year. As a group, analysts expect The Home Depot, Inc. to post earnings per share of 16.47 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Thursday, June 2 received a dividend of $1.90 per share. The ex-dividend date was Wednesday, June 1. This represents an annualized dividend of $7.60 and a dividend yield of 2.69%. The Home Depot’s payout ratio is currently 48.25%.

In related news, Becker manager Caryn Seidman purchased 1,500 shares of the company in a trade on Monday, May 23. The shares were purchased at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the transaction, the director now owns 1,500 shares of the company, valued at $431,595. The purchase was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, Executive Vice President Hector A. Padilla sold 136 shares of the company in a trade on Thursday, May 19. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now owns 11,230 shares of the company, valued at $3,248,052.90. The disclosure of this sale can be found here. 0.17% of the shares are currently held by insiders.

Home Depot Company Profile (Get a rating)

The Home Depot, Inc operates as a home improvement retailer. It operates Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products, and decorating products, as well as facility maintenance, repair and operation products. countertops, furnaces and central air conditioning systems, and windows.

Featured articles

Want to see which other hedge funds hold HD? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Home Depot, Inc. (NYSE:HD – Get Rating).

Institutional ownership by quarter for The Home Depot (NYSE:HD)



Get news and reviews for The Home Depot Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Home Depot and related companies with MarketBeat.com’s FREE daily email newsletter.

Share.

About Author

Comments are closed.