Patten Group Inc. trimmed its holdings in The Residence Depot, Inc. (NYSE:HD – Free Report) by 2.4% throughout the third quarter, Holdings Channel studies. The institutional investor owned 2,629 shares of the house enchancment retailer’s inventory after promoting 66 shares throughout the interval. Patten Group Inc.’s holdings in Residence Depot had been value $1,065,000 on the finish of the latest quarter.
Quite a few different hedge funds have additionally lately added to or decreased their stakes in HD. Wulff Hansen & CO. boosted its stake in Residence Depot by 33,540.9% within the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the house enchancment retailer’s inventory value $509,081,000 after shopping for an extra 1,474,459 shares over the last quarter. Alphinity Funding Administration Pty Ltd acquired a brand new stake in Residence Depot within the 1st quarter value about $513,016,000. Value T Rowe Associates Inc. MD boosted its stake in Residence Depot by 15.0% within the 1st quarter. Value T Rowe Associates Inc. MD now owns 7,437,805 shares of the house enchancment retailer’s inventory value $2,853,143,000 after shopping for an extra 971,833 shares over the last quarter. Swedbank AB acquired a brand new stake in Residence Depot within the 1st quarter value about $301,364,000. Lastly, Jennison Associates LLC boosted its stake in Residence Depot by 13.1% within the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the house enchancment retailer’s inventory value $1,886,271,000 after shopping for an extra 569,690 shares over the last quarter. 70.86% of the inventory is owned by institutional traders and hedge funds.
Residence Depot Inventory Up 0.5 %
NYSE:HD opened at $416.07 on Thursday. The enterprise’s fifty day transferring common value is $375.22 and its 200 day transferring common value is $356.30. The corporate has a present ratio of 1.15, a fast ratio of 0.33 and a debt-to-equity ratio of 11.74. The Residence Depot, Inc. has a 1-year low of $274.26 and a 1-year excessive of $420.03. The agency has a market capitalization of $412.58 billion, a price-to-earnings ratio of 27.91, a PEG ratio of two.71 and a beta of 1.00.
Residence Depot (NYSE:HD – Get Free Report) final issued its earnings outcomes on Tuesday, August thirteenth. The house enchancment retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Residence Depot had a return on fairness of 681.27% and a internet margin of 9.71%. The agency had income of $43.18 billion for the quarter, in comparison with the consensus estimate of $42.57 billion. Throughout the identical quarter within the earlier yr, the corporate posted $4.65 earnings per share. The enterprise’s quarterly income was up .6% in comparison with the identical quarter final yr. On common, sell-side analysts forecast that The Residence Depot, Inc. will publish 15.01 earnings per share for the present fiscal yr.
Residence Depot Broadcasts Dividend
The enterprise additionally lately declared a quarterly dividend, which was paid on Thursday, September twelfth. Shareholders of document on Thursday, August twenty ninth had been issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August twenty ninth. This represents a $9.00 annualized dividend and a yield of two.16%. Residence Depot’s dividend payout ratio (DPR) is presently 60.36%.
Wall Avenue Analysts Forecast Progress
A number of analysis companies have lately weighed in on HD. Gordon Haskett raised Residence Depot from an “accumulate” ranking to a “purchase” ranking and set a $450.00 value goal on the inventory in a analysis word on Wednesday, October 2nd. Oppenheimer lifted their value goal on Residence Depot from $345.00 to $400.00 and gave the corporate a “market carry out” ranking in a analysis word on Tuesday, September twenty fourth. Piper Sandler lifted their value goal on Residence Depot from $387.00 to $455.00 and gave the corporate an “obese” ranking in a analysis word on Monday, September thirtieth. Stifel Nicolaus dropped their goal value on Residence Depot from $380.00 to $375.00 and set a “maintain” ranking on the inventory in a report on Wednesday, August 14th. Lastly, Truist Monetary dropped their goal value on Residence Depot from $396.00 to $395.00 and set a “purchase” ranking on the inventory in a report on Wednesday, August 14th. One equities analysis analyst has rated the inventory with a promote ranking, seven have assigned a maintain ranking and twenty-two have given a purchase ranking to the corporate’s inventory. In line with information from MarketBeat.com, Residence Depot has a mean ranking of “Average Purchase” and a mean value goal of $402.38.
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Residence Depot Firm Profile
The Residence Depot, Inc operates as a house enchancment retailer in the US and internationally. It sells varied constructing supplies, dwelling enchancment merchandise, garden and backyard merchandise, and décor merchandise, in addition to amenities upkeep, restore, and operations merchandise. The corporate additionally presents set up providers for flooring, water heaters, bathtub, storage doorways, cupboards, cupboard makeovers, counter tops, sheds, furnaces and central air programs, and home windows.
Featured Tales
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