Stephens Inc. AR increased its holdings in Home Depot Inc (NYSE:HD) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 50,143 shares of the home improvement retailer’s stock after acquiring an additional 1,333 shares during the period. Stephens Inc. AR’s holdings in Home Depot were worth $9,783,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Lucia Wealth Services LLC purchased a new position in shares of Home Depot during the first quarter worth $101,000. Institutional & Family Asset Management LLC purchased a new position in shares of Home Depot during the first quarter worth $108,000. RPg Family Wealth Advisory LLC boosted its position in shares of Home Depot by 84.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after buying an additional 275 shares during the period. Advisors Preferred LLC boosted its position in shares of Home Depot by 819.7% during the second quarter. Advisors Preferred LLC now owns 653 shares of the home improvement retailer’s stock worth $127,000 after buying an additional 582 shares during the period. Finally, Clarus Wealth Advisors purchased a new position in shares of Home Depot during the second quarter worth $136,000. Institutional investors own 69.27% of the company’s stock.
Home Depot stock opened at $185.99 on Friday. Home Depot Inc has a 1-year low of $162.93 and a 1-year high of $215.43. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13. The firm has a market capitalization of $214.22 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.26.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $30.04 billion. During the same period last year, the firm earned $0.59 earnings per share. Home Depot’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, analysts anticipate that Home Depot Inc will post 9.56 earnings per share for the current fiscal year.
In other Home Depot news, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the sale, the executive vice president now directly owns 40,057 shares in the company, valued at $8,077,093.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the sale, the executive vice president now owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.
Several brokerages have recently issued reports on HD. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Morgan Stanley reduced their price objective on Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Wells Fargo & Co reduced their price objective on Home Depot from $230.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. ValuEngine cut Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $204.00 price objective (down from $222.00) on shares of Home Depot in a research note on Wednesday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and a consensus price target of $205.28.
Home Depot Company 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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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