Home Depot Inc (NYSE:HD) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its holdings in Home Depot Inc (NYSE:HD) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 920,809 shares of the home improvement retailer’s stock after selling 2,950 shares during the period. Home Depot makes up approximately 1.3% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 12th largest position. Public Employees Retirement Association of Colorado owned about 0.08% of Home Depot worth $213,646,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Haverford Trust Co. boosted its position in shares of Home Depot by 48.3% during the 2nd quarter. Haverford Trust Co. now owns 85,280 shares of the home improvement retailer’s stock worth $17,736,000 after purchasing an additional 27,760 shares during the period. Carroll Financial Associates Inc. boosted its position in shares of Home Depot by 2.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 10,769 shares of the home improvement retailer’s stock worth $2,239,000 after purchasing an additional 216 shares during the period. Berkeley Capital Partners LLC boosted its position in shares of Home Depot by 22.0% during the 2nd quarter. Berkeley Capital Partners LLC now owns 5,521 shares of the home improvement retailer’s stock worth $1,148,000 after purchasing an additional 996 shares during the period. BB&T Securities LLC boosted its position in shares of Home Depot by 3.8% during the 2nd quarter. BB&T Securities LLC now owns 257,070 shares of the home improvement retailer’s stock worth $53,462,000 after purchasing an additional 9,329 shares during the period. Finally, Hilltop Holdings Inc. boosted its position in shares of Home Depot by 36.7% during the 2nd quarter. Hilltop Holdings Inc. now owns 8,203 shares of the home improvement retailer’s stock worth $1,706,000 after purchasing an additional 2,204 shares during the period. Institutional investors own 70.02% of the company’s stock.

In related news, CFO Carol B. Tome sold 145,400 shares of Home Depot 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 sale, the chief financial officer now directly owns 496,374 shares in the company, valued at approximately $108,725,760.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William G. Lennie sold 9,200 shares of Home Depot stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the sale, the executive vice president now owns 84,123 shares in the company, valued at $18,511,266.15. The disclosure for this sale can be found here. Insiders sold a total of 177,508 shares of company stock worth $39,076,428 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Shares of HD traded down $0.10 during midday trading on Friday, reaching $232.84. The stock had a trading volume of 2,038,410 shares, compared to its average volume of 2,590,316. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $238.99. The company’s fifty day simple moving average is $232.23 and its two-hundred day simple moving average is $214.66. The company has a market cap of $254.29 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.31 and a beta of 1.04.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $30.98 billion. During the same period last year, the business earned $3.05 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Research analysts expect that Home Depot Inc will post 10.12 earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Home Depot in a research report on Tuesday, October 8th. They set a “buy” rating and a $260.00 price objective for the company. Citigroup raised their price target on shares of Home Depot from $246.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Oppenheimer raised their price target on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Wedbush reissued a “neutral” rating and issued a $230.00 price target (up previously from $190.00) on shares of Home Depot in a research report on Wednesday, August 21st. Finally, Morgan Stanley raised their price target on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. Home Depot has a consensus rating of “Buy” and a consensus target price of $229.77.

Home Depot 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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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