Gamco Investors INC. ET AL Sells 8,020 Shares of Home Depot Inc (HD)

Gamco Investors INC. ET AL cut its holdings in shares of Home Depot Inc (NYSE:HD) by 2.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 323,249 shares of the home improvement retailer’s stock after selling 8,020 shares during the period. Gamco Investors INC. ET AL’s holdings in Home Depot were worth $52,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mascoma Wealth Management LLC lifted its position in Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after acquiring an additional 7 shares during the last quarter. Paragon Wealth Strategies LLC lifted its position in Home Depot by 0.4% during the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock valued at $280,000 after acquiring an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in Home Depot by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock valued at $253,000 after acquiring an additional 7 shares during the last quarter. Silicon Valley Capital Partners lifted its position in Home Depot by 0.6% during the second quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock valued at $228,000 after acquiring an additional 9 shares during the last quarter. Finally, Mcdaniel Terry & Co. lifted its position in Home Depot by 0.5% during the second quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock valued at $257,000 after acquiring an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 70.14% of the company’s stock.

Home Depot Inc (NYSE HD) opened at $196.42 on Friday. The stock has a market cap of $229,370.00, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. Home Depot Inc has a fifty-two week low of $133.94 and a fifty-two week high of $199.42. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter last year, the company posted $1.60 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. sell-side analysts expect that Home Depot Inc will post 7.37 EPS for the current year.

Home Depot declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

In related news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

A number of research firms recently commented on HD. Piper Jaffray Companies reissued a “hold” rating and set a $164.00 target price on shares of Home Depot in a research report on Sunday, October 1st. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Robert W. Baird reissued an “outperform” rating and set a $195.00 target price on shares of Home Depot in a research report on Thursday, November 30th. SunTrust Banks increased their target price on shares of Home Depot to $167.00 and gave the company a “hold” rating in a research report on Wednesday, November 15th. Finally, Telsey Advisory Group increased their target price on shares of Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Home Depot has a consensus rating of “Buy” and an average target price of $183.28.

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About 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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