Principle Wealth Partners LLC raised its position in shares of Home Depot Inc (NYSE:HD) by 28.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,524 shares of the home improvement retailer’s stock after purchasing an additional 2,083 shares during the quarter. Principle Wealth Partners LLC’s holdings in Home Depot were worth $2,210,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Madrona Funds LLC purchased a new stake in shares of Home Depot during the third quarter valued at about $350,000. Brasada Capital Management LP lifted its holdings in Home Depot by 3.4% in the 3rd quarter. Brasada Capital Management LP now owns 3,030 shares of the home improvement retailer’s stock valued at $703,000 after purchasing an additional 99 shares in the last quarter. Doliver Advisors LP lifted its holdings in Home Depot by 11.7% in the 3rd quarter. Doliver Advisors LP now owns 1,480 shares of the home improvement retailer’s stock valued at $349,000 after purchasing an additional 155 shares in the last quarter. Arthur M. Cohen & Associates LLC raised its holdings in shares of Home Depot by 8.1% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 24,465 shares of the home improvement retailer’s stock worth $5,676,000 after acquiring an additional 1,823 shares during the period. Finally, Papp L Roy & Associates raised its holdings in shares of Home Depot by 22.3% during the 3rd quarter. Papp L Roy & Associates now owns 32,253 shares of the home improvement retailer’s stock worth $7,483,000 after acquiring an additional 5,873 shares during the period. 70.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of Home Depot stock traded down $0.10 on Friday, reaching $232.84. 2,038,410 shares of the company were exchanged, 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 has a market cap of $254.29 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. The stock’s 50 day moving average price is $232.23 and its 200-day moving average price is $214.66.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. The business had revenue of $30.84 billion during the quarter, compared to the consensus estimate of $30.98 billion. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.05 earnings per share. On average, equities research analysts expect that Home Depot Inc will post 10.12 EPS for the current year.
In other Home Depot news, EVP Edward P. Decker sold 22,908 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total value of $5,203,552.20. Following the completion of the sale, the executive vice president now owns 87,343 shares in the company, valued at $19,839,962.45. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Carol B. Tome sold 145,400 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the sale, the chief financial officer now owns 496,374 shares of the company’s stock, valued at approximately $108,725,760.96. The disclosure for this sale can be found here. Insiders sold 177,508 shares of company stock valued at $39,076,428 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.
Several research analysts have recently commented on the company. DZ Bank lowered Home Depot from a “hold” rating to a “sell” rating in a report on Thursday, September 19th. Raymond James reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Home Depot in a research report on Tuesday, October 8th. SunTrust Banks reaffirmed a “hold” rating and issued a $208.00 target price on shares of Home Depot in a research report on Wednesday, August 21st. Credit Suisse Group lifted their target price on Home Depot from $213.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Wedbush reaffirmed a “neutral” rating and issued a $230.00 target price (up from $190.00) on shares of Home Depot in a research report on Wednesday, August 21st. One investment 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. The stock presently has a consensus 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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