Sullivan Bruyette Speros & Blaney LLC cut its stake in Home Depot Inc (NYSE:HD) by 9.6% in the second quarter, Holdings Channel reports. The fund owned 9,434 shares of the home improvement retailer’s stock after selling 997 shares during the period. Sullivan Bruyette Speros & Blaney LLC’s holdings in Home Depot were worth $1,840,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of HD. HC Financial Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter worth about $3,778,000. Hourglass Capital LLC boosted its stake in shares of Home Depot by 26.1% during the 1st quarter. Hourglass Capital LLC now owns 51,651 shares of the home improvement retailer’s stock worth $9,206,000 after buying an additional 10,690 shares during the last quarter. United Bank boosted its stake in shares of Home Depot by 12.1% during the 1st quarter. United Bank now owns 5,716 shares of the home improvement retailer’s stock worth $1,019,000 after buying an additional 617 shares during the last quarter. Diamant Asset Management Inc. boosted its stake in shares of Home Depot by 5.9% during the 1st quarter. Diamant Asset Management Inc. now owns 13,365 shares of the home improvement retailer’s stock worth $2,382,000 after buying an additional 750 shares during the last quarter. Finally, Comerica Securities Inc. boosted its stake in shares of Home Depot by 4.3% during the 1st quarter. Comerica Securities Inc. now owns 12,041 shares of the home improvement retailer’s stock worth $2,146,000 after buying an additional 494 shares during the last quarter. 69.24% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently commented on HD. Wells Fargo & Co restated a “buy” rating and set a $230.00 price objective on shares of Home Depot in a research note on Sunday, September 16th. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 price objective for the company. Citigroup increased their price objective on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, August 10th. Finally, Loop Capital set a $200.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a research note on Wednesday, July 11th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $205.28.
Home Depot stock opened at $179.93 on Friday. The stock has a market capitalization of $201.23 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 1.38 and a beta of 1.26. 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 Inc has a twelve month low of $162.28 and a twelve month high of $215.43.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. The firm had revenue of $30.46 billion for the quarter, compared to analysts’ expectations of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. As a group, equities analysts forecast that Home Depot Inc will post 9.57 earnings per share for the current fiscal year.
In other Home Depot news, EVP Matt Carey sold 4,125 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the transaction, the executive vice president now directly owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP William G. Lennie sold 10,854 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction 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 $8,077,093.48. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
About Home Depot
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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