KCM Investment Advisors LLC boosted its holdings in Home Depot Inc (NYSE:HD) by 1.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 121,493 shares of the home improvement retailer’s stock after purchasing an additional 2,268 shares during the quarter. Home Depot comprises 1.5% of KCM Investment Advisors LLC’s portfolio, making the stock its 12th largest position. KCM Investment Advisors LLC’s holdings in Home Depot were worth $23,703,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in HD. Lucia Wealth Services LLC bought a new position in shares of Home Depot in the first quarter worth approximately $101,000. Institutional & Family Asset Management LLC bought a new position in shares of Home Depot in the first quarter worth approximately $108,000. RPg Family Wealth Advisory LLC lifted its stake in shares of Home Depot by 84.6% in the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after buying an additional 275 shares in the last quarter. Advisors Preferred LLC lifted its stake in shares of Home Depot by 819.7% in the second quarter. Advisors Preferred LLC now owns 653 shares of the home improvement retailer’s stock worth $127,000 after buying an additional 582 shares in the last quarter. Finally, Clarus Wealth Advisors bought a new position in shares of Home Depot in the second quarter worth approximately $136,000. Institutional investors and hedge funds own 69.27% of the company’s stock.
Shares of Home Depot stock opened at $185.99 on Friday. The company has a market cap of $215.10 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.48 and a beta of 1.26. Home Depot Inc has a twelve month low of $162.93 and a twelve month high of $215.43. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.21. The company had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 earnings per share. On average, research analysts anticipate that Home Depot Inc will post 9.56 earnings per share for the current fiscal year.
In other Home Depot news, EVP William G. Lennie sold 10,854 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 40,057 shares in the company, valued at $8,077,093.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
Several brokerages have recently issued reports on HD. Morgan Stanley dropped their target price on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Wells Fargo & Co dropped their target price on shares of Home Depot from $230.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. Citigroup reiterated a “buy” rating and issued a $227.00 target price on shares of Home Depot in a research note on Wednesday, August 15th. Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and an average price target of $205.28.
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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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