Harel Insurance Investments & Financial Services Ltd. buys 64 shares of Home Depot, Inc. (NYSE:HD)


Harel Insurance Investments & Financial Services Ltd. increased its position in The Home Depot, Inc. (NYSE: HD – Get Rating) by 4.1% during the first quarter, reports HoldingsChannel.com. The fund held 1,618 shares of the home improvement retailer’s stock after buying an additional 64 shares during the quarter. The holdings of Harel Insurance Investments & Financial Services Ltd. in Home Depot were worth $484,000 at the end of the most recent reporting period.

A number of other hedge funds have also increased or reduced their holdings in HD. Carson Advisory Inc. increased its stake in Home Depot stock by 15.5% in the first quarter. Carson Advisory Inc. now owns 6,352 shares of the home improvement retailer worth $1,901,000 after buying an additional 854 shares in the last quarter. XML Financial LLC increased its holdings of Home Depot stock 5.8% in the first quarter. XML Financial LLC now owns 6,747 shares of the home improvement retailer worth $2,020,000 after purchasing an additional 371 shares during the period. Hallmark Capital Management Inc. increased its holdings of Home Depot stock 1.7% in the first quarter. Hallmark Capital Management Inc. now owns 15,262 shares of the home improvement retailer worth $4,569,000 after purchasing an additional 249 shares during the period. Paulson Wealth Management Inc. increased its holdings of Home Depot stock 2.6% in the first quarter. Paulson Wealth Management Inc. now owns 2,465 shares of the home improvement retailer worth $738,000 after purchasing an additional 62 shares during the period. Finally, Congress Park Capital LLC increased its equity stake in Home Depot by 9.7% during the first quarter. Congress Park Capital LLC now owns 7,059 shares of the home improvement retailer worth $2,113,000 after purchasing an additional 622 shares during the period. 70.61% of the shares are held by institutional investors.

Wall Street analysts predict growth

Several stock analysts have recently released reports on the stock. MKM Partners assumed coverage for Home Depot shares in a Thursday, June 23 report. They issued a “neutral” rating and a target price of $285.00 on the stock. StockNews.com downgraded Home Depot shares from a “buy” rating to a “hold” rating in a report on Friday, May 27. Guggenheim lowered 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. Morgan Stanley lowered its price target on Home Depot shares from $365.00 to $350.00 and set an “overweight” rating on the stock in a Wednesday, July 20 report. Finally, Gordon Haskett downgraded Home Depot shares from a “buy” rating to an “accumulate” rating in a report on Friday, May 6. Five equity research analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $368.45.

Home Depot trades up 0.5%

HD shares opened at $306.59 on Monday. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61. The company has a debt ratio of 35.47, a quick ratio of 0.28 and a current ratio of 1.11. The company has a 50-day simple moving average of $288.95 and a two-hundred-day simple moving average of $315.25. The company has a market capitalization of $315.10 billion, a price/earnings ratio of 19.47, a PEG ratio of 2.00 and a beta of 0.98.

Home Depot (NYSE:HD – Get Rating) last released quarterly earnings data on Tuesday, May 17. The home improvement retailer reported earnings per share (EPS) 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 in the quarter, versus a consensus estimate of $36.78 billion. During the same period a year earlier, the company posted EPS of $3.86. The company’s quarterly revenue increased by 3.8% compared to the same quarter last year. Research analysts expect The Home Depot, Inc. to post EPS of 16.43 for the current fiscal year.

Home Depot Dividend Announcement

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. This represents a dividend of $7.60 on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Wednesday, June 1. The Home Depot’s dividend payout ratio is currently 48.25%.

Insider activity

Separately, Executive Vice President Hector A. Padilla sold 136 shares in a trade that took place on Thursday, May 19. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following completion of the transaction, the executive vice president now directly owns 11,230 shares of the company, valued at approximately $3,248,052.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. In other news, Executive Vice President Ann Marie Campbell sold 11,293 shares in a trade that took place on Tuesday, May 24. The shares were sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following completion of the transaction, the executive vice president now directly owns 51,175 shares of the company, valued at approximately $14,739,935.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Executive Vice President Hector A. Padilla sold 136 shares in a trade that took place on Thursday, May 19. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares of the company, valued at $3,248,052.90. The disclosure of this sale can be found here. Insiders hold 0.17% of the company’s shares.

About Home Depot

(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.

Read more

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.

.

Leave a Comment