RWQ Financial Management Services Inc. reduced its position in The Home Depot, Inc. (NYSE: HD – Get a rating) by 51.7% in the 1st quarter, Holdings Channel.com reports. The fund held 10,020 shares of the home improvement retailer’s stock after selling 10,705 shares during the quarter. Home Depot accounts for about 2.5% of RWQ Financial Management Services Inc.’s holdings, making it its 15th-largest position. RWQ Financial Management Services Inc.’s holdings in Home Depot were worth $2,999,000 when it last filed with the SEC.
Other hedge funds have also recently been buying and selling shares of the company. Octavia Wealth Advisors LLC increased its stake in Home Depot shares by 3.3% during the first quarter. Octavia Wealth Advisors LLC now owns 2,506 shares of the home improvement retailer worth $751,000 after buying 79 additional shares in the last quarter. Red Door Wealth Management LLC increased its stake in Home Depot stock by 13.8% in the first quarter. Red Door Wealth Management LLC now owns 13,619 shares of the home improvement retailer worth $4,076,000 after purchasing an additional 1,649 shares in the last quarter. Essex LLC increased its stake in Home Depot shares by 23.3% during the first quarter. Essex LLC now owns 847 shares of the home improvement retailer’s stock worth $254,000 after buying an additional 160 shares in the last quarter. Capital City Trust Co. FL increased its stake in Home Depot stock by 49.1% in the first quarter. Capital City Trust Co. FL now owns 1,703 shares of the home improvement retailer worth $509,000 after buying 561 additional shares in the last quarter. Finally, New England Research & Management Inc. increased its stake in Home Depot shares by 298.9% during the first quarter. New England Research & Management Inc. now owns 2,924 shares of the home improvement retailer worth $875,000 after buying 2,191 additional shares in the last quarter. 70.61% of the shares are held by institutional investors and hedge funds.
HD opened at $279.08 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt ratio of 35.47. The company has a market capitalization of $286.83 billion, a P/E ratio of 17.72, a PEG ratio of 1.67 and a beta of 0.98. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61. The company’s fifty-day simple moving average is $291.02 and its 200-day simple moving average is $326.26.
Home deposit (NYSE: HD – Get a rating) last released its quarterly earnings data on Tuesday, May 17. The home improvement retailer reported EPS of $4.09 for the quarter, beating analyst consensus estimates of $3.67 by $0.42. The company posted revenue of $38.91 billion for the quarter, versus analyst estimates of $36.78 billion. The Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The company’s revenue for the quarter increased by 3.8% compared to the same quarter last year. In the same quarter last year, the company earned earnings per share of $3.86. As a group, stock analysts expect The Home Depot, Inc. to post EPS of 16.47 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Thursday, June 2 received a dividend of $1.90. This represents a dividend of $7.60 on an annualized basis and a yield of 2.72%. The ex-dividend date was Wednesday, June 1. The Home Depot payout ratio is 48.25%.
In other Home Depot news, EVP Anne Marie Campbell sold 11,293 shares of the company in a transaction dated Tuesday, May 24. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now directly owns 51,175 shares of the company, valued at approximately $14,739,935.25. The sale was disclosed in a filing with the SEC, accessible via this link. Also, director BeckerCaryn Seidman bought 1,500 shares of the company in a transaction on Monday, May 23. The shares were acquired at an average cost of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the purchase, the administrator now owns 1,500 shares of the company, valued at approximately $431,595. Disclosure of this purchase can be found here. 0.17% of the shares are currently held by insiders of the company.
Several research companies have recently commented on HD. StockNews.com upgraded Home Depot from a “buy” rating to a “hold” rating in a Friday, May 27 research note. Guggenheim cut its price target on Home Depot from $400.00 to $350.00 and set an “na” rating for the company in a Wednesday, May 18 research note. OTR Global downgraded Home Depot to a “positive” rating in a Tuesday, May 10 research report. MKM Partners launched coverage on Home Depot in a research report on Thursday, June 23. They issued a “neutral” rating and a price target of $285.00 for the company. Finally, DA Davidson reduced its price target on Home Depot from $354.00 to $330.00 and set an “na” rating for the company in a Wednesday, May 18 research report. Five research analysts gave the stock a hold rating and sixteen gave the company’s stock a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $369.82.
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.
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.