Trading Report: Today: 8,160 Shares of Today: Home Depot Inc. (HD) are sold by RS Investment Management Co. LLC

Today: 8,160 Shares of Today: Home Depot Inc. (HD) are sold by RS Investment Management Co. LLC

RS Investment Management Co. LLC cut its position in The Home Depot Inc. (NYSE:HD) by 14.4% during the second quarter, Holdings Channel reports. The firm owned 48,365 shares of the home improvement retailer’s stock after selling 8,160 shares during the period. RS Investment Management Co. LLC’s holdings in The Home Depot were worth $6,176,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Stoneridge Investment Partners LLC bought a new stake in The Home Depot during the second quarter valued at about $4,010,000. Court Place Advisors LLC increased its stake in The Home Depot by 0.4% in the second quarter. Court Place Advisors LLC now owns 25,101 shares of the home improvement retailer’s stock valued at $3,205,000 after buying an additional 104 shares during the period. Douglas Lane & Associates LLC increased its stake in The Home Depot by 11.2% in the second quarter. Douglas Lane & Associates LLC now owns 9,050 shares of the home improvement retailer’s stock valued at $1,156,000 after buying an additional 911 shares during the period. Callahan Advisors LLC increased its stake in The Home Depot by 9.0% in the second quarter. Callahan Advisors LLC now owns 1,911 shares of the home improvement retailer’s stock valued at $244,000 after buying an additional 157 shares during the period. Finally, Albion Financial Group UT increased its stake in The Home Depot by 1.0% in the second quarter. Albion Financial Group UT now owns 104,103 shares of the home improvement retailer’s stock valued at $13,293,000 after buying an additional 1,067 shares during the period. Hedge funds and other institutional investors own 71.86% of the company’s stock.

Shares of The Home Depot Inc. (NYSE:HD) traded up 0.10% on Friday, reaching $126.42. 4,462,055 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $129.05 and its 200-day moving average price is $132.39. The Home Depot Inc. has a 52 week low of $109.62 and a 52 week high of $139.00. The stock has a market capitalization of $156.20 billion, a price-to-earnings ratio of 21.40 and a beta of 0.97.

The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, hitting the consensus estimate of $1.97. The company had revenue of $26.47 billion for the quarter, compared to analyst estimates of $26.47 billion. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. Equities analysts predict that The Home Depot Inc. will post $6.33 EPS for the current year.

Several analysts have recently commented on HD shares. Nomura raised shares of The Home Depot from a “neutral” rating to a “buy” rating and upped their price objective for the company from $140.00 to $155.00 in a report on Thursday, June 23rd. Jefferies Group reaffirmed a “buy” rating on shares of The Home Depot in a report on Sunday, July 3rd. Vetr downgraded shares of The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 price objective on the stock. in a report on Monday, July 4th. Zacks Investment Research downgraded shares of The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Stifel Nicolaus started coverage on shares of The Home Depot in a report on Tuesday, August 2nd. They issued a “buy” rating and a $157.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $146.86.

In related news, EVP Timothy M. Crow sold 49,392 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $135.06, for a total value of $6,670,883.52. Following the sale, the executive vice president now directly owns 224,905 shares in the company, valued at approximately $30,375,669.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 11,671 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $136.03, for a total transaction of $1,587,606.13. Following the completion of the sale, the executive vice president now owns 44,107 shares in the company, valued at $5,999,875.21. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

About The Home Depot

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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