Tanager Wealth Management LLP has recently acquired 1,153 shares in The Home Depot, Inc. (HD:NYE), according to its recent 13F filing with the SEC. The total value of the purchased Home Depot stock shares was around $364,000.
Hedge Funds & Institutional Holdings:
Other institutional investors have also made changes to their positions in Home Depot. Cottage Street Advisors LLC increased its position by a staggering 26,657.7% in the fourth quarter, now owning 3,580,444 shares worth $659,000.
Renaissance Technologies LLC also purchased a new position in Home Depot during the 1st quarter, valued at $563,524,000.
Charles Schwab Investment Management Inc. increased its stake in the company by 14.5% in the first quarter, and now owns 10,729,735 shares worth $3,211,731,000.
Altshuler Shaham Ltd purchased a new position in Home Depot during the third quarter valued at about $341,915,000.
Vanguard Group Inc. raised its position in Home Depot by 1.1% during the 3rd quarter and now owns 94,440,614 shares worth $26,059,943,000.
Overall, institutional investors hold 68.31% of Home Depot stock.
Home Depot Stock Analysis:
Home Depot stock opened at $288.61 on Monday with a 12 month low of $264.51 and a 12 month high of $347.25. The company has a market capitalization of $292.27 billion, a PE ratio of 17.30, a P/E/G ratio of 1.67, and a beta of 0.93. Its 50-day moving average is $300.60, and the 200-day moving average is $304.06.
Quarterly Earnings Review:
The Home Depot recently reported its quarterly earnings data, with $3.30 EPS for the quarter, beating the consensus estimate of $3.26 by $0.04. The company had a net margin of 10.87% and a return on equity of 4,929.40%.
The company had revenue of $35.83 billion during the quarter, compared to the consensus estimate of $36 billion. Research analysts predict that The Home Depot, Inc. will post 15.85 EPS for the current fiscal year.
Home Depot Stock Dividend:
In addition, Home Depot recently announced an increased quarterly dividend, paying shareholders of record on Thursday, March 9th a $2.09 dividend, up from the previous quarterly dividend of $1.90. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.90%.
Several research analysts have also set new price targets for Home Depot stock, with thirteen analysts rating the stock as “hold” and sixteen ratings it as “buy”. According to Stock Target Advisor, the company currently has a consensus rating of “Buy” and a consensus target price of $336.80.
The Home Depot, Inc. operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The Home Depot, Inc. was founded in 1977 and is based in Atlanta, Georgia.