Blue Edge Capital LLC Raises Stock Holdings in Home Depot Inc (NYSE:HD)

Blue Edge Capital LLC increased its stake in shares of Home Depot Inc (NYSE:HD) by 39.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,969 shares of the home improvement retailer’s stock after purchasing an additional 3,970 shares during the quarter. Blue Edge Capital LLC’s holdings in Home Depot were worth $2,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Consolidated Planning Corp lifted its stake in shares of Home Depot by 0.7% during the 1st quarter. Consolidated Planning Corp now owns 8,047 shares of the home improvement retailer’s stock worth $1,503,000 after purchasing an additional 55 shares during the last quarter. Fort Sheridan Advisors LLC lifted its stake in shares of Home Depot by 4.0% during the 1st quarter. Fort Sheridan Advisors LLC now owns 5,210 shares of the home improvement retailer’s stock worth $973,000 after purchasing an additional 201 shares during the last quarter. Greenwood Capital Associates LLC lifted its stake in shares of Home Depot by 14.8% during the 1st quarter. Greenwood Capital Associates LLC now owns 57,191 shares of the home improvement retailer’s stock worth $10,678,000 after purchasing an additional 7,372 shares during the last quarter. Silicon Valley Capital Partners lifted its stake in shares of Home Depot by 35.9% during the 1st quarter. Silicon Valley Capital Partners now owns 3,342 shares of the home improvement retailer’s stock worth $624,000 after purchasing an additional 882 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in Home Depot by 379.4% during the 1st quarter. Hillsdale Investment Management Inc. now owns 2,445 shares of the home improvement retailer’s stock valued at $457,000 after buying an additional 1,935 shares in the last quarter. Hedge funds and other institutional investors own 69.67% of the company’s stock.

HD has been the topic of several recent analyst reports. Robert W. Baird upped their target price on Home Depot from $215.00 to $265.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. CSFB upped their target price on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Wedbush upped their target price on Home Depot from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, May 20th. Royal Bank of Canada upped their target price on Home Depot from $261.00 to $266.00 in a research report on Wednesday, May 20th. Finally, Nomura upped their target price on Home Depot from $240.00 to $252.00 in a research report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $251.03.

In other news, EVP William G. Lennie sold 9,848 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $234.34, for a total value of $2,307,780.32. Following the transaction, the executive vice president now owns 37,995 shares in the company, valued at $8,903,748.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William G. Lennie sold 17,993 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total value of $4,246,707.86. Following the completion of the transaction, the executive vice president now owns 54,405 shares in the company, valued at approximately $12,840,668.10. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

HD stock traded up $0.95 during mid-day trading on Thursday, reaching $248.31. 3,525,285 shares of the company’s stock were exchanged, compared to its average volume of 5,476,423. The company has a market cap of $260.45 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 2.24 and a beta of 1.03. The stock’s 50 day moving average is $220.05 and its 200 day moving average is $219.64. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $248.32.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.19). The business had revenue of $28.26 billion for the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.27 EPS. Analysts predict that Home Depot Inc will post 9.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 2.42%. Home Depot’s dividend payout ratio is currently 58.54%.

Home Depot 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 d├ęcor 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 Home Depot (NYSE:HD)

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