Aveo Capital Partners LLC Raises Holdings in The Home Depot (HD)

Aveo Capital Partners LLC boosted its position in shares of The Home Depot (NYSE:HD) by 19.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,876 shares of the home improvement retailer’s stock after acquiring an additional 308 shares during the quarter. Aveo Capital Partners LLC’s holdings in The Home Depot were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HD. Los Angeles Capital Management & Equity Research Inc. raised its holdings in The Home Depot by 54.9% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 849,468 shares of the home improvement retailer’s stock worth $161,000,000 after purchasing an additional 301,204 shares during the period. American Century Companies Inc. raised its holdings in The Home Depot by 3.3% in the 4th quarter. American Century Companies Inc. now owns 2,900,083 shares of the home improvement retailer’s stock worth $549,653,000 after purchasing an additional 91,988 shares during the period. Delaney Dennis R raised its holdings in The Home Depot by 169.9% in the 4th quarter. Delaney Dennis R now owns 5,965 shares of the home improvement retailer’s stock worth $1,131,000 after purchasing an additional 3,755 shares during the period. Charter Research & Investment Group Inc. acquired a new position in The Home Depot in the 4th quarter worth about $1,657,000. Finally, Sandy Spring Bank raised its holdings in The Home Depot by 1.1% in the 4th quarter. Sandy Spring Bank now owns 69,061 shares of the home improvement retailer’s stock worth $13,089,000 after purchasing an additional 783 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

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In related news, EVP Edward P. Decker sold 17,660 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total value of $3,308,071.20. Following the transaction, the executive vice president now directly owns 73,815 shares in the company, valued at $13,827,025.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 37,680 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $186.26, for a total value of $7,018,276.80. Following the completion of the transaction, the executive vice president now owns 53,459 shares in the company, valued at $9,957,273.34. The disclosure for this sale can be found here. Insiders sold 169,027 shares of company stock worth $31,220,882 over the last quarter. 0.25% of the stock is currently owned by insiders.

A number of equities analysts recently weighed in on HD shares. BMO Capital Markets upped their price target on The Home Depot from $191.00 to $213.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Jefferies Group reaffirmed a “buy” rating and issued a $223.00 price target on shares of The Home Depot in a report on Monday, February 5th. Morgan Stanley set a $210.00 price target on The Home Depot and gave the stock a “buy” rating in a report on Wednesday, March 21st. Zacks Investment Research raised The Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a report on Tuesday, February 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $217.00 price objective (down from $220.00) on shares of The Home Depot in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The Home Depot has a consensus rating of “Buy” and an average target price of $194.45.

HD stock opened at $174.43 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 16.69. The company has a market capitalization of $201,787.03, a PE ratio of 23.38, a P/E/G ratio of 1.38 and a beta of 1.15. The Home Depot has a 1 year low of $144.25 and a 1 year high of $207.60.

The Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. The business had revenue of $23.88 billion during the quarter, compared to analyst estimates of $23.65 billion. The Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. equities research analysts predict that The Home Depot will post 9.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were issued a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, March 7th. This is a boost from The Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.36%. The Home Depot’s dividend payout ratio is currently 55.23%.

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The Home Depot Company Profile

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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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