Home Depot Inc (HD) Stake Increased by Modera Wealth Management LLC

Modera Wealth Management LLC grew its holdings in Home Depot Inc (NYSE:HD) by 8.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,566 shares of the home improvement retailer’s stock after buying an additional 374 shares during the quarter. Modera Wealth Management LLC’s holdings in Home Depot were worth $891,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Viridian Ria LLC increased its position in shares of Home Depot by 12.1% during the second quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after purchasing an additional 255 shares in the last quarter. Nadler Financial Group Inc. increased its position in shares of Home Depot by 11.6% during the second quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock worth $496,000 after purchasing an additional 264 shares in the last quarter. Exencial Wealth Advisors LLC increased its position in shares of Home Depot by 6.5% during the second quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock worth $856,000 after purchasing an additional 266 shares in the last quarter. Bingham Osborn & Scarborough LLC increased its position in shares of Home Depot by 11.2% during the second quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock worth $529,000 after purchasing an additional 273 shares in the last quarter. Finally, First Mercantile Trust Co. increased its position in shares of Home Depot by 4.6% during the first quarter. First Mercantile Trust Co. now owns 6,216 shares of the home improvement retailer’s stock worth $1,108,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 69.24% of the company’s stock.

In other news, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the transaction, the executive vice president now owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the transaction, the executive vice president now directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Several analysts recently commented on HD shares. Loop Capital set a $200.00 price target on Home Depot and gave the stock a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price target for the company in a research report on Tuesday, July 17th. Citigroup boosted their price target on Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, August 10th. Piper Jaffray Companies reissued a “hold” rating and set a $203.00 price objective on shares of Home Depot in a research note on Thursday, August 16th. Finally, Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $205.28.

Shares of Home Depot stock opened at $179.93 on Friday. Home Depot Inc has a 52 week low of $162.28 and a 52 week high of $215.43. The firm has a market capitalization of $201.64 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.39 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The business had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Equities analysts forecast that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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