Pax World Management LLC lifted its position in shares of Home Depot Inc (NYSE:HD) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,266 shares of the home improvement retailer’s stock after buying an additional 800 shares during the quarter. Pax World Management LLC’s holdings in Home Depot were worth $1,679,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Mascoma Wealth Management LLC raised its stake in Home Depot by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares during the last quarter. Paragon Wealth Strategies LLC raised its stake in shares of Home Depot by 0.4% in the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of Home Depot by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock worth $253,000 after purchasing an additional 7 shares during the last quarter. Silicon Valley Capital Partners raised its stake in shares of Home Depot by 0.6% in the second quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after purchasing an additional 9 shares during the last quarter. Finally, Mcdaniel Terry & Co. raised its stake in shares of Home Depot by 0.5% in the second quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock worth $257,000 after purchasing an additional 9 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on HD shares. Credit Suisse Group reaffirmed a “hold” rating on shares of Home Depot in a report on Tuesday, December 12th. Deutsche Bank raised their price objective on Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, December 7th. SunTrust Banks raised their price objective on Home Depot from $167.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, December 7th. Citigroup restated a “buy” rating and issued a $213.00 target price on shares of Home Depot in a research report on Thursday, December 7th. Finally, BTIG Research raised their target price on Home Depot to $215.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $190.32.
In related news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction on Friday, December 8th. The stock was 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 directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.
Home Depot Inc (NYSE:HD) traded down $0.06 on Monday, reaching $184.06. The company had a trading volume of 6,781,015 shares, compared to its average volume of 5,140,000. Home Depot Inc has a 1 year low of $138.24 and a 1 year high of $207.60. The firm has a market cap of $214,940.00, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. During the same period in the previous year, the firm posted $1.60 EPS. Home Depot’s revenue for the quarter was up 8.1% on a year-over-year basis. equities research analysts anticipate that Home Depot Inc will post 7.38 EPS for the current year.
Home Depot declared that its board 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 purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is 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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