Ontario Teachers Pension Plan Board lifted its holdings in shares of Home Depot Inc (NYSE:HD) by 23.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,124 shares of the home improvement retailer’s stock after purchasing an additional 54,964 shares during the period. Home Depot comprises approximately 0.8% of Ontario Teachers Pension Plan Board’s investment portfolio, making the stock its 29th largest holding. Ontario Teachers Pension Plan Board’s holdings in Home Depot were worth $55,823,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lucia Wealth Services LLC bought a new stake in Home Depot in the 1st quarter valued at about $101,000. Institutional & Family Asset Management LLC bought a new stake in Home Depot in the 1st quarter valued at about $108,000. Advisors Preferred LLC raised its stake in Home Depot by 819.7% in the 2nd quarter. Advisors Preferred LLC now owns 653 shares of the home improvement retailer’s stock valued at $127,000 after acquiring an additional 582 shares during the period. Landaas & Co. WI ADV bought a new stake in Home Depot in the 2nd quarter valued at about $148,000. Finally, Clarus Wealth Advisors bought a new stake in Home Depot in the 2nd quarter valued at about $136,000. Institutional investors own 69.27% of the company’s stock.
In other news, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the transaction, the executive vice president now owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the transaction, the executive vice president now directly owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Shares of HD opened at $185.99 on Friday. Home Depot Inc has a twelve month low of $162.93 and a twelve month high of $215.43. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. The stock has a market cap of $214.22 billion, a PE ratio of 21.62, a P/E/G ratio of 1.47 and a beta of 1.26.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The company had revenue of $30.46 billion during the quarter, compared to analyst estimates of $30.04 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Home Depot’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts predict that Home Depot Inc will post 9.56 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on HD shares. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price objective on the stock in a research note on Tuesday, July 17th. Wells Fargo & Co restated a “buy” rating and issued a $230.00 price objective on shares of Home Depot in a research note on Sunday, September 16th. Morgan Stanley boosted their price objective on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, October 11th. Citigroup upped their price target on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, August 10th. Finally, ValuEngine cut Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $205.28.
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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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