Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Home Depot Inc (NYSE:HD) by 150.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,734 shares of the home improvement retailer’s stock after purchasing an additional 10,659 shares during the period. Home Depot comprises about 1.1% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 28th largest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in Home Depot were worth $2,938,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in HD. Skandinaviska Enskilda Banken AB publ grew its position in shares of Home Depot by 2.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 246,707 shares of the home improvement retailer’s stock worth $40,351,000 after acquiring an additional 6,626 shares during the last quarter. KBC Group NV grew its position in shares of Home Depot by 2.0% during the third quarter. KBC Group NV now owns 496,870 shares of the home improvement retailer’s stock worth $81,268,000 after acquiring an additional 9,543 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Home Depot by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,133,380 shares of the home improvement retailer’s stock worth $512,473,000 after acquiring an additional 8,344 shares during the last quarter. Marietta Wealth Management LLC grew its position in shares of Home Depot by 22.5% during the third quarter. Marietta Wealth Management LLC now owns 19,382 shares of the home improvement retailer’s stock worth $3,170,000 after acquiring an additional 3,556 shares during the last quarter. Finally, Boston Private Wealth LLC grew its position in shares of Home Depot by 2.8% during the third quarter. Boston Private Wealth LLC now owns 287,565 shares of the home improvement retailer’s stock worth $47,034,000 after acquiring an additional 7,895 shares during the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.
Shares of Home Depot Inc (HD) opened at $186.97 on Friday. Home Depot Inc has a 1-year low of $141.00 and a 1-year high of $207.60. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. The firm has a market cap of $216,348.86, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.08.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. During the same period in the prior year, the company earned $1.60 EPS. Home Depot’s revenue was up 8.1% on a year-over-year basis. equities research analysts anticipate that Home Depot Inc will post 7.38 earnings per share for the current fiscal year.
Home Depot announced that its board has approved a share repurchase plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.
Several research firms have recently commented on HD. Credit Suisse Group upped their price target on shares of Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus increased their target price on shares of Home Depot from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $220.00 target price (up previously from $190.00) on shares of Home Depot in a research report on Friday, January 19th. Jefferies Group reiterated a “buy” rating and issued a $223.00 target price on shares of Home Depot in a research report on Monday, February 5th. Finally, Oppenheimer reiterated a “buy” rating on shares of Home Depot in a research report on Tuesday, December 26th. 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 issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $190.32.
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Home Depot 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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