Edge Asset Management Inc. decreased its position in The Home Depot Inc. (NYSE:HD) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 222,360 shares of the home improvement retailer’s stock after selling 12 shares during the period. Edge Asset Management Inc.’s holdings in The Home Depot were worth $28,394,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in HD. Commonwealth Equity Services Inc increased its stake in The Home Depot by 2.3% in the first quarter. Commonwealth Equity Services Inc now owns 293,161 shares of the home improvement retailer’s stock worth $39,117,000 after buying an additional 6,528 shares in the last quarter. Sarasin & Partners LLP increased its stake in The Home Depot by 74.9% in the first quarter. Sarasin & Partners LLP now owns 646,658 shares of the home improvement retailer’s stock worth $86,284,000 after buying an additional 276,892 shares in the last quarter. Aperio Group LLC increased its stake in The Home Depot by 5.4% in the first quarter. Aperio Group LLC now owns 619,584 shares of the home improvement retailer’s stock worth $82,671,000 after buying an additional 31,814 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in The Home Depot during the first quarter worth approximately $3,721,000. Finally, Buffington Mohr McNeal increased its stake in The Home Depot by 2.5% in the first quarter. Buffington Mohr McNeal now owns 3,293 shares of the home improvement retailer’s stock worth $439,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 71.87% of the company’s stock.
Shares of The Home Depot Inc. (NYSE:HD) opened at 126.42 on Monday. The Home Depot Inc. has a 1-year low of $109.62 and a 1-year high of $139.00. The stock has a market capitalization of $156.20 billion, a P/E ratio of 21.40 and a beta of 0.97. The firm’s 50-day moving average price is $129.05 and its 200 day moving average price is $132.39.
The Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.97. The business earned $26.47 billion during the quarter, compared to the consensus estimate of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $1.71 earnings per share. Analysts expect that The Home Depot Inc. will post $6.33 EPS for the current fiscal year.
Several equities research analysts recently issued reports on HD shares. Nomura upgraded The Home Depot from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $155.00 in a report on Thursday, June 23rd. Zacks Investment Research downgraded The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. RBC Capital Markets reiterated an “outperform” rating and issued a $155.00 price objective (up previously from $150.00) on shares of The Home Depot in a report on Wednesday, August 17th. Citigroup Inc. boosted their price objective on The Home Depot from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Finally, Vetr downgraded The Home Depot from a “buy” rating to a “hold” rating and set a $135.32 price objective on the stock. in a report on Monday, July 11th. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $146.86.
In other The Home Depot news, EVP Matt Carey sold 29,357 shares of The Home Depot stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total value of $4,000,184.82. Following the completion of the transaction, the executive vice president now directly owns 88,872 shares in the company, valued at $12,109,698.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Carol B. Tome sold 97,610 shares of The Home Depot stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total value of $13,211,513.50. Following the completion of the transaction, the chief financial officer now owns 644,831 shares of the company’s stock, valued at $87,277,875.85. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.
The Home Depot Company Profile