Westhampton Capital LLC Acquires Shares of 2,265 Home Depot Inc (NYSE:HD)

Westhampton Capital LLC acquired a new stake in shares of Home Depot Inc (NYSE:HD) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,265 shares of the home improvement retailer’s stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Evolution Wealth Advisors LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $31,000. MRA Associates USA LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $34,000. Thor Advisors LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $32,000. Virtus ETF Advisers LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $32,000. Finally, Enlightenment Research LLC purchased a new stake in Home Depot in the 4th quarter worth $34,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

Shares of Home Depot stock traded down $2.42 during trading hours on Friday, reaching $218.60. 2,862,951 shares of the company’s stock were exchanged, compared to its average volume of 3,855,862. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $222.65. The company has a market capitalization of $238.86 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.12. The business has a fifty day moving average of $212.40 and a two-hundred day moving average of $199.39.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The business had revenue of $30.84 billion during the quarter, compared to analyst estimates of $30.98 billion. During the same quarter in the prior year, the firm earned $3.05 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that Home Depot Inc will post 10.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.49%. Home Depot’s payout ratio is 55.01%.

HD has been the subject of several recent analyst reports. Robert W. Baird boosted their price target on shares of Home Depot from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday. SunTrust Banks reissued a “hold” rating and issued a $208.00 price target on shares of Home Depot in a report on Wednesday. Citigroup boosted their price target on shares of Home Depot from $218.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Home Depot currently has a consensus rating of “Buy” and a consensus target price of $220.11.

In other news, EVP Teresa Wynn Roseborough sold 8,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the transaction, the executive vice president now owns 13,357 shares of the company’s stock, valued at approximately $2,596,333.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Carol B. Tome sold 26,334 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $189.17, for a total transaction of $4,981,602.78. Following the transaction, the chief financial officer now directly owns 519,253 shares in the company, valued at approximately $98,227,090.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,522 shares of company stock worth $13,643,931. Corporate insiders own 0.27% of the company’s stock.

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.

Featured Story: Green Investing

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.