HWG Holdings LP Boosts Stock Position in Home Depot Inc (NYSE:HD)

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HWG Holdings LP boosted its stake in shares of Home Depot Inc (NYSE:HD) by 23,738.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,099 shares of the home improvement retailer’s stock after buying an additional 3,086 shares during the quarter. Home Depot accounts for approximately 0.7% of HWG Holdings LP’s portfolio, making the stock its 28th largest holding. HWG Holdings LP’s holdings in Home Depot were worth $719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Enterprise Trust & Investment Co bought a new position in shares of Home Depot in the third quarter valued at approximately $27,000. Krane Funds Advisors LLC bought a new position in Home Depot during the second quarter worth $25,000. Julex Capital Management LLC bought a new stake in Home Depot in the 3rd quarter valued at $29,000. Proffitt & Goodson Inc. increased its holdings in Home Depot by 106.2% in the 3rd quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock valued at $31,000 after buying an additional 69 shares during the period. Finally, Evolution Wealth Advisors LLC bought a new stake in Home Depot in the 2nd quarter valued at $31,000. Institutional investors own 69.62% of the company’s stock.

HD has been the topic of several analyst reports. Nomura initiated coverage on shares of Home Depot in a report on Friday, November 8th. They issued a “neutral” rating and a $240.00 price target on the stock. Argus set a $240.00 price target on shares of Home Depot and gave the company a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Co reissued a “buy” rating and issued a $260.00 price target on shares of Home Depot in a report on Tuesday, November 19th. Goldman Sachs Group boosted their price target on shares of Home Depot to $246.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their price target on shares of Home Depot from $229.00 to $233.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $235.29.

NYSE HD traded up $0.10 during trading hours on Wednesday, reaching $214.10. 4,256,166 shares of the company’s stock were exchanged, compared to its average volume of 4,112,988. The company’s 50-day moving average is $230.67 and its two-hundred day moving average is $217.82. Home Depot Inc has a one year low of $158.09 and a one year high of $239.31. The company has a market capitalization of $240.54 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The firm had revenue of $27.22 billion during the quarter, compared to the consensus estimate of $27.51 billion. During the same quarter in the prior year, the firm posted $2.51 EPS. The business’s revenue was up 3.5% on a year-over-year basis. Analysts predict that Home Depot Inc will post 10.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, December 4th. Home Depot’s payout ratio is presently 55.01%.

About Home Depot

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 Home Depot (NYSE:HD)

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