SeaCrest Wealth Management LLC reduced its stake in Home Depot Inc (NYSE:HD) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,213 shares of the home improvement retailer’s stock after selling 864 shares during the period. SeaCrest Wealth Management LLC’s holdings in Home Depot were worth $3,164,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Davy Asset Management Ltd acquired a new stake in shares of Home Depot during the second quarter valued at about $4,071,000. FDx Advisors Inc. lifted its position in shares of Home Depot by 6.4% during the second quarter. FDx Advisors Inc. now owns 29,208 shares of the home improvement retailer’s stock worth $6,074,000 after purchasing an additional 1,768 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its position in shares of Home Depot by 32.0% during the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,018 shares of the home improvement retailer’s stock worth $836,000 after purchasing an additional 975 shares during the last quarter. Epstein & White Financial LLC lifted its position in shares of Home Depot by 3.9% during the second quarter. Epstein & White Financial LLC now owns 1,807 shares of the home improvement retailer’s stock worth $374,000 after purchasing an additional 67 shares during the last quarter. Finally, Abner Herrman & Brock LLC lifted its position in shares of Home Depot by 1.0% during the second quarter. Abner Herrman & Brock LLC now owns 90,171 shares of the home improvement retailer’s stock worth $18,753,000 after purchasing an additional 893 shares during the last quarter. Institutional investors own 69.72% of the company’s stock.
In other Home Depot news, EVP Timothy A. Hourigan sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the sale, the executive vice president now owns 64,575 shares in the company, valued at $12,482,347.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Carol B. Tome sold 26,334 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $189.17, for a total transaction of $4,981,602.78. Following the completion of the sale, the chief financial officer now owns 519,253 shares in the company, valued at approximately $98,227,090.01. The disclosure for this sale can be found here. Insiders sold 82,522 shares of company stock worth $16,156,831 in the last 90 days. 0.27% of the stock is owned by company insiders.
Several brokerages have recently commented on HD. Robert W. Baird reaffirmed a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. ValuEngine cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley increased their price target on shares of Home Depot from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Stifel Nicolaus increased their price target on shares of Home Depot from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $207.78.
NYSE HD traded down $0.68 during trading hours on Friday, reaching $212.15. The company’s stock had a trading volume of 2,884,258 shares, compared to its average volume of 2,736,456. The company has a 50-day moving average of $211.83. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $219.30. The company has a market cap of $233.43 billion, a PE ratio of 21.45, a PEG ratio of 1.96 and a beta of 1.12.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.10. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The firm had revenue of $26.38 billion for the quarter, compared to analysts’ expectations of $26.34 billion. During the same quarter last year, the company posted $2.08 earnings per share. Home Depot’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that Home Depot Inc will post 10.17 earnings per share for the current fiscal year.
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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