First Personal Financial Services raised its position in Home Depot Inc (NYSE:HD) by 40.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,586 shares of the home improvement retailer’s stock after acquiring an additional 1,886 shares during the quarter. First Personal Financial Services’ holdings in Home Depot were worth $1,077,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of HD. Vanguard Group Inc. raised its stake in shares of Home Depot by 0.9% in the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after buying an additional 703,292 shares during the period. Capital Research Global Investors raised its stake in shares of Home Depot by 0.9% in the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after buying an additional 170,139 shares during the period. Northern Trust Corp raised its stake in shares of Home Depot by 1.3% in the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after buying an additional 222,958 shares during the period. Alliancebernstein L.P. raised its stake in shares of Home Depot by 1.1% in the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after buying an additional 84,750 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Home Depot by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after buying an additional 761,586 shares during the period. 70.14% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on the company. Oppenheimer reaffirmed a “buy” rating on shares of Home Depot in a research note on Tuesday, December 26th. Moffett Nathanson assumed coverage on Home Depot in a research report on Monday, December 4th. They set a “buy” rating for the company. Morgan Stanley set a $185.00 target price on Home Depot and gave the stock a “buy” rating in a research report on Friday, December 8th. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Guggenheim assumed coverage on Home Depot in a research report on Wednesday, December 13th. They set a “buy” rating and a $200.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $183.28.
In other news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.
Home Depot Inc (NYSE:HD) opened at $196.42 on Monday. The firm has a market capitalization of $229,370.00, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. Home Depot Inc has a 1-year low of $134.60 and a 1-year high of $199.42.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 EPS. equities research analysts expect that Home Depot Inc will post 7.38 earnings per share for the current fiscal year.
Home Depot announced that its board has initiated a stock repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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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.
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