Today The Home Depot, Inc. (The) (HD) Shares Sold by IPG Investment Advisors LLC

Today The Home Depot, Inc. (The) (HD) Shares Sold by IPG Investment Advisors LLC

IPG Investment Advisors LLC lowered its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 34.7% during the third quarter, Holdings Channel reports. The fund owned 2,450 shares of the home improvement retailer’s stock after selling 1,300 shares during the period. IPG Investment Advisors LLC’s holdings in Home Depot, Inc. (The) were worth $315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pillar Pacific Capital Management LLC boosted its stake in Home Depot, Inc. (The) by 1.6% in the second quarter. Pillar Pacific Capital Management LLC now owns 57,469 shares of the home improvement retailer’s stock worth $7,339,000 after buying an additional 904 shares during the period. Badgley Phelps & Bell Inc. boosted its stake in Home Depot, Inc. (The) by 0.3% in the second quarter. Badgley Phelps & Bell Inc. now owns 95,109 shares of the home improvement retailer’s stock worth $12,144,000 after buying an additional 326 shares during the period. Mizuho Trust & Banking Co. Ltd. boosted its stake in Home Depot, Inc. (The) by 0.9% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,048,386 shares of the home improvement retailer’s stock worth $261,558,000 after buying an additional 19,139 shares during the period. Ardevora Asset Management LLP boosted its stake in Home Depot, Inc. (The) by 24.4% in the second quarter. Ardevora Asset Management LLP now owns 183,827 shares of the home improvement retailer’s stock worth $23,473,000 after buying an additional 36,100 shares during the period. Finally, Bank of Montreal Can boosted its stake in Home Depot, Inc. (The) by 6.8% in the third quarter. Bank of Montreal Can now owns 2,818,654 shares of the home improvement retailer’s stock worth $362,704,000 after buying an additional 179,120 shares during the period. 71.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Home Depot, Inc. (NYSE:HD) traded down 0.01% during mid-day trading on Wednesday, hitting $138.04. 1,651,413 shares of the company were exchanged. The firm has a 50 day moving average of $135.07 and a 200 day moving average of $131.58. The company has a market capitalization of $168.15 billion, a price-to-earnings ratio of 22.41 and a beta of 1.09. Home Depot, Inc. has a 12-month low of $109.62 and a 12-month high of $139.37.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The company had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.05 billion. Home Depot, Inc. (The) had a return on equity of 123.29% and a net margin of 8.23%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 earnings per share. Equities research analysts forecast that Home Depot, Inc. will post $6.34 earnings per share for the current year.

A number of equities analysts recently issued reports on the stock. Wedbush reaffirmed a “neutral” rating and set a $145.00 target price on shares of Home Depot, Inc. (The) in a research report on Wednesday, November 30th. Vetr lowered shares of Home Depot, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $119.51 target price on the stock. in a research report on Thursday, December 22nd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $140.00 target price on shares of Home Depot, Inc. (The) in a research report on Thursday, December 22nd. Citigroup Inc. reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Wednesday, December 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $148.00 target price on shares of Home Depot, Inc. (The) in a research report on Wednesday, December 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $144.68.

In other news, Director Mark C. Vadon acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The stock was purchased at an average price of $129.87 per share, for a total transaction of $1,948,050.00. Following the completion of the acquisition, the director now directly owns 31,095 shares in the company, valued at approximately $4,038,307.65. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark Holifield sold 15,606 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $128.39, for a total value of $2,003,654.34. Following the sale, the executive vice president now owns 39,499 shares of the company’s stock, valued at approximately $5,071,276.61. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

Home Depot, Inc. (The) Company Profile

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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