Stephens Inc. AR Grows Position in Home Depot Inc (HD)

Stephens Inc. AR raised its holdings in Home Depot Inc (NYSE:HD) by 2.7% during the second quarter, HoldingsChannel reports. The firm owned 50,143 shares of the home improvement retailer’s stock after purchasing an additional 1,333 shares during the quarter. Stephens Inc. AR’s holdings in Home Depot were worth $9,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Viridian Ria LLC boosted its stake in shares of Home Depot by 12.1% during the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after acquiring an additional 255 shares in the last quarter. Nadler Financial Group Inc. boosted its stake in shares of Home Depot by 11.6% during the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock worth $496,000 after acquiring an additional 264 shares in the last quarter. Exencial Wealth Advisors LLC boosted its stake in shares of Home Depot by 6.5% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock worth $856,000 after acquiring an additional 266 shares in the last quarter. Bingham Osborn & Scarborough LLC boosted its stake in shares of Home Depot by 11.2% during the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock worth $529,000 after acquiring an additional 273 shares in the last quarter. Finally, Burns J W & Co. Inc. NY boosted its stake in shares of Home Depot by 1.4% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 20,081 shares of the home improvement retailer’s stock worth $3,918,000 after acquiring an additional 275 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors.

Shares of Home Depot stock opened at $185.99 on Friday. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37. Home Depot Inc has a 1 year low of $162.93 and a 1 year high of $215.43. The company has a market cap of $214.22 billion, a P/E ratio of 21.62, a P/E/G ratio of 1.47 and a beta of 1.26.

Home Depot (NYSE:HD) last issued 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 company had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. Home Depot’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. On average, analysts forecast that Home Depot Inc will post 9.56 EPS for the current fiscal year.

Several equities research analysts have recently commented on HD shares. Wells Fargo & Co reissued a “buy” rating and set a $230.00 price target on shares of Home Depot in a research note on Sunday, September 16th. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research note on Friday, October 5th. Credit Suisse Group reissued a “neutral” rating and set a $204.00 price target (down previously from $222.00) on shares of Home Depot in a research note on Wednesday, October 17th. ValuEngine downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Morgan Stanley lifted their price objective on Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Home Depot presently has an average rating of “Buy” and a consensus target price of $205.28.

In other Home Depot news, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

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Home Depot 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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