Eagle Asset Management Inc. trimmed its holdings in shares of Home Depot Inc (NYSE:HD) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 646,775 shares of the home improvement retailer’s stock after selling 100,805 shares during the period. Home Depot comprises 0.8% of Eagle Asset Management Inc.’s investment portfolio, making the stock its 19th largest position. Eagle Asset Management Inc. owned 0.06% of Home Depot worth $150,064,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in HD. Enterprise Trust & Investment Co acquired a new position in shares of Home Depot during the third quarter worth $27,000. Krane Funds Advisors LLC acquired a new position in shares of Home Depot during the second quarter worth $25,000. Julex Capital Management LLC acquired a new position in shares of Home Depot during the third quarter worth $29,000. Proffitt & Goodson Inc. lifted its position in shares of Home Depot by 106.2% during the third quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 69 shares in the last quarter. Finally, Evolution Wealth Advisors LLC acquired a new position in shares of Home Depot during the second quarter worth $31,000. 70.02% of the stock is currently owned by hedge funds and other institutional investors.
HD stock traded down $0.10 during trading on Friday, hitting $232.84. 2,088,326 shares of the company’s stock traded hands, compared to its average volume of 2,590,316. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $238.99. The stock has a fifty day moving average price of $232.23 and a two-hundred day moving average price of $214.66. The stock has a market capitalization of $254.29 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the 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 firm had revenue of $30.84 billion during the quarter, compared to analyst estimates of $30.98 billion. During the same quarter in the previous year, the firm earned $3.05 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.
In other Home Depot news, CFO Carol B. Tome sold 145,400 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the completion of the sale, the chief financial officer now owns 496,374 shares in the company, valued at $108,725,760.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the sale, the executive vice president now owns 87,343 shares of the company’s stock, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 177,508 shares of company stock valued at $39,076,428. 0.27% of the stock is owned by insiders.
A number of research analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Home Depot to $230.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Wedbush restated a “neutral” rating and issued a $230.00 price target (up previously from $190.00) on shares of Home Depot in a research note on Wednesday, August 21st. SunTrust Banks restated a “hold” rating and issued a $208.00 price target on shares of Home Depot in a research note on Wednesday, August 21st. Wells Fargo & Co lifted their price target on shares of Home Depot from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, KeyCorp restated a “hold” rating on shares of Home Depot in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $229.77.
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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