Burleson & Company LLC Has $6.60 Million Position in The Home Depot, Inc. (NYSE:HD)

Burleson & Company LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,069 shares of the home improvement retailer’s stock after buying an additional 1,636 shares during the quarter. Home Depot comprises approximately 1.4% of Burleson & Company LLC’s investment portfolio, making the stock its 20th biggest position. Burleson & Company LLC’s holdings in Home Depot were worth $6,601,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sky Investment Group LLC boosted its holdings in shares of Home Depot by 3.4% in the 1st quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock valued at $6,345,000 after purchasing an additional 703 shares in the last quarter. Barrett Asset Management LLC boosted its holdings in shares of Home Depot by 5.6% in the 1st quarter. Barrett Asset Management LLC now owns 66,478 shares of the home improvement retailer’s stock valued at $19,898,000 after purchasing an additional 3,507 shares in the last quarter. Everhart Financial Group Inc. boosted its holdings in shares of Home Depot by 28.5% in the 1st quarter. Everhart Financial Group Inc. now owns 2,062 shares of the home improvement retailer’s stock valued at $617,000 after purchasing an additional 457 shares in the last quarter. Diversified LLC boosted its holdings in shares of Home Depot by 1.5% in the 1st quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock valued at $975,000 after purchasing an additional 47 shares in the last quarter. Finally, Matisse Capital boosted its holdings in shares of Home Depot by 3.9% in the 1st quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer’s stock valued at $797,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HD. Raymond James raised their target price on Home Depot from $340.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Morgan Stanley raised their price objective on Home Depot from $350.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, August 17th. UBS Group raised their price objective on Home Depot from $360.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. DA Davidson raised their price objective on Home Depot to $334.00 in a report on Monday, August 22nd. Finally, StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $365.95.

Home Depot Stock Performance

HD stock opened at $271.57 on Thursday. The stock has a 50-day moving average price of $299.86 and a 200-day moving average price of $299.78. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The company has a current ratio of 1.18, a quick ratio of 0.25 and a debt-to-equity ratio of 165.70. The firm has a market cap of $278.01 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last issued its earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 EPS for the quarter, beating the consensus estimate of $4.95 by $0.10. The company had revenue of $43.79 billion during the quarter, compared to the consensus estimate of $43.33 billion. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $4.53 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 16.56 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $7.60 annualized dividend and a dividend yield of 2.80%. Home Depot’s dividend payout ratio is presently 46.71%.

Home Depot declared that its board has initiated a share repurchase plan on Thursday, August 18th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to buy up to 4.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, EVP Matt Carey sold 12,650 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $316.26, for a total value of $4,000,689.00. Following the completion of the sale, the executive vice president now directly owns 34,522 shares in the company, valued at approximately $10,917,927.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of Home Depot stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the transaction, the executive vice president now owns 6,180 shares in the company, valued at approximately $1,857,646.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 12,650 shares of Home Depot stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares of the company’s stock, valued at approximately $10,917,927.72. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

Home Depot Company Profile

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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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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