Sei Investments Co. trimmed its position in shares of Home Depot Inc (NYSE:HD) by 5.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 542,287 shares of the home improvement retailer’s stock after selling 31,928 shares during the quarter. Sei Investments Co.’s holdings in Home Depot were worth $88,696,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of HD. Mascoma Wealth Management LLC grew its stake in Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after purchasing an additional 7 shares during the period. Paragon Wealth Strategies LLC grew its stake in Home Depot by 0.4% in the 2nd quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock valued at $280,000 after purchasing an additional 7 shares during the period. Jackson Grant Investment Advisers Inc. grew its stake in Home Depot by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock valued at $253,000 after purchasing an additional 7 shares during the period. Silicon Valley Capital Partners grew its stake in Home Depot by 0.6% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock valued at $228,000 after purchasing an additional 9 shares during the period. Finally, Mcdaniel Terry & Co. grew its stake in shares of Home Depot by 0.5% during the 2nd quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock worth $257,000 after acquiring an additional 9 shares during the period. 70.34% of the stock is currently owned by institutional investors.
HD has been the subject of several research reports. Royal Bank of Canada set a $179.00 price target on Home Depot and gave the stock a “buy” rating in a research note on Monday, October 30th. Citigroup increased their price objective on Home Depot from $179.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Credit Suisse Group increased their price objective on Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Bank of America increased their price objective on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, KeyCorp began coverage on Home Depot in a report on Tuesday, November 7th. They set a “sector weight” rating on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $190.32.
In related 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 transaction of $7,576,709.88. Following the transaction, the executive vice president now directly owns 29,559 shares in the company, valued at approximately $5,410,183.77. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.
Home Depot Inc (NYSE:HD) traded up $0.97 on Wednesday, reaching $184.69. The company had a trading volume of 6,761,947 shares, compared to its average volume of 5,250,000. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot Inc has a fifty-two week low of $139.34 and a fifty-two week high of $207.60. The company has a market cap of $215,670.00, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same period last year, the company earned $1.60 EPS. Home Depot’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities research analysts anticipate that Home Depot Inc will post 7.38 EPS for the current fiscal year.
Home Depot announced that its Board of Directors has authorized a share buyback program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
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Home Depot 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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