Blair William & Co. IL increased its holdings in shares of Home Depot Inc (NYSE:HD) by 0.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 509,477 shares of the home improvement retailer’s stock after acquiring an additional 3,160 shares during the period. Blair William & Co. IL’s holdings in Home Depot were worth $105,538,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Senator Investment Group LP acquired a new stake in Home Depot in the 2nd quarter worth about $234,120,000. Morgan Stanley boosted its holdings in Home Depot by 11.4% in the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock worth $1,889,985,000 after buying an additional 991,466 shares during the last quarter. FMR LLC boosted its holdings in Home Depot by 2.8% in the 3rd quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock worth $6,175,512,000 after buying an additional 813,882 shares during the last quarter. Bank of Montreal Can boosted its holdings in Home Depot by 29.3% in the 3rd quarter. Bank of Montreal Can now owns 2,857,124 shares of the home improvement retailer’s stock worth $591,853,000 after buying an additional 648,046 shares during the last quarter. Finally, Royal London Asset Management Ltd. acquired a new stake in Home Depot in the 2nd quarter worth about $97,617,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.
Several equities research analysts recently issued reports on HD shares. Bank of America cut Home Depot from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $219.00 to $195.00 in a report on Friday, November 16th. Wells Fargo & Co lowered their price objective on Home Depot from $230.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. 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 report on Wednesday, October 17th. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Finally, ValuEngine cut Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Home Depot currently has a consensus rating of “Buy” and an average price target of $204.60.
HD opened at $188.41 on Thursday. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $215.43. The company has a market capitalization of $211.58 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business had revenue of $26.30 billion for the quarter, compared to analyst estimates of $26.23 billion. During the same period last year, the company posted $1.84 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Sell-side analysts forecast that Home Depot Inc will post 9.8 EPS for the current fiscal year.
In other news, EVP Teresa Wynn Roseborough sold 7,203 shares of Home Depot stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $177.45, for a total transaction of $1,278,172.35. Following the sale, the executive vice president now owns 23,109 shares of the company’s stock, valued at approximately $4,100,692.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 13,457 shares of Home Depot stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the sale, the executive vice president now directly owns 56,198 shares in the company, valued at approximately $9,702,022.72. The disclosure for this sale can be found here. Company insiders own 0.25% 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 Article: Understanding Price to Earnings Ratio (PE)
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (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.