Northstar Group Inc. cut its stake in Home Depot Inc (NYSE:HD) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,246 shares of the home improvement retailer’s stock after selling 261 shares during the quarter. Northstar Group Inc.’s holdings in Home Depot were worth $1,091,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BKD Wealth Advisors LLC increased its holdings in shares of Home Depot by 1.0% in the fourth quarter. BKD Wealth Advisors LLC now owns 8,623 shares of the home improvement retailer’s stock valued at $1,482,000 after purchasing an additional 85 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Home Depot by 8.9% in the fourth quarter. IFM Investors Pty Ltd now owns 66,443 shares of the home improvement retailer’s stock valued at $11,416,000 after purchasing an additional 5,443 shares in the last quarter. Wealthquest Corp acquired a new stake in shares of Home Depot in the fourth quarter valued at approximately $306,000. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Home Depot by 15.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,947 shares of the home improvement retailer’s stock valued at $335,000 after purchasing an additional 267 shares in the last quarter. Finally, Lenox Wealth Management Inc. increased its holdings in shares of Home Depot by 3.2% in the fourth quarter. Lenox Wealth Management Inc. now owns 4,221 shares of the home improvement retailer’s stock valued at $725,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.
A number of analysts recently weighed in on the stock. Wells Fargo & Co raised their price target on shares of Home Depot from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $192.00 price objective on shares of Home Depot in a research note on Wednesday, May 1st. Gabelli cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Stifel Nicolaus raised their price objective on shares of Home Depot from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Finally, Loop Capital raised their price objective on shares of Home Depot to $195.00 and gave the company a “hold” rating in a research note on Friday, July 19th. Ten research 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 a consensus price target of $207.78.
In other news, EVP Timothy A. Hourigan sold 13,000 shares of Home Depot stock in a transaction on Friday, May 24th. The shares were sold at an average price of $193.30, for a total transaction of $2,512,900.00. Following the transaction, the executive vice president now directly owns 64,575 shares of the company’s stock, valued at $12,482,347.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Matt Carey sold 34,688 shares of Home Depot stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the transaction, the executive vice president now directly owns 81,982 shares in the company, valued at $16,567,742.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,522 shares of company stock worth $16,156,831. Insiders own 0.27% of the company’s stock.
HD stock traded down $0.68 during midday trading 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. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $219.30. The stock has a market capitalization of $233.43 billion, a PE ratio of 21.45, a PEG ratio of 1.96 and a beta of 1.12. The stock’s 50-day moving average price is $211.83.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $2.08 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts expect that Home Depot Inc will post 10.17 EPS for the current 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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