Zhang Financial LLC increased its stake in shares of Home Depot Inc (NYSE:HD) by 35.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,508 shares of the home improvement retailer’s stock after buying an additional 397 shares during the quarter. Zhang Financial LLC’s holdings in Home Depot were worth $314,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of HD. BKD Wealth Advisors LLC raised its stake in 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 buying an additional 85 shares during the period. Cambiar Investors LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $30,260,000. Manning & Napier Group LLC lifted its position in shares of Home Depot by 8.3% during the 4th quarter. Manning & Napier Group LLC now owns 194,867 shares of the home improvement retailer’s stock worth $33,480,000 after buying an additional 14,854 shares in the last quarter. Evermay Wealth Management LLC lifted its position in shares of Home Depot by 4.5% during the 4th quarter. Evermay Wealth Management LLC now owns 9,481 shares of the home improvement retailer’s stock worth $1,629,000 after buying an additional 408 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust lifted its position in shares of Home Depot by 19.0% during the 4th quarter. New Jersey Better Educational Savings Trust now owns 5,000 shares of the home improvement retailer’s stock worth $859,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 69.74% of the company’s stock.
Shares of NYSE:HD traded down $6.09 during mid-day trading on Monday, reaching $206.06. The company had a trading volume of 1,684,908 shares, compared to its average volume of 2,908,030. The company has a 50-day simple moving average of $211.83. Home Depot Inc has a one year low of $158.09 and a one year high of $219.30. The stock has a market capitalization of $227.77 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.95 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, 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 business had revenue of $26.38 billion for the quarter, compared to analysts’ expectations of $26.34 billion. During the same quarter in the previous year, the firm posted $2.08 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Home Depot Inc will post 10.17 earnings per share for the current fiscal year.
In other news, EVP Matt Carey sold 34,688 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the completion of the transaction, the executive vice president now directly owns 81,982 shares in the company, valued at approximately $16,567,742.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 8,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the transaction, the executive vice president now owns 13,357 shares of the company’s stock, valued at $2,596,333.66. The disclosure for this sale can be found here. Insiders have sold a total of 82,522 shares of company stock valued at $16,156,831 over the last 90 days. Company insiders own 0.27% of the company’s stock.
HD has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Morgan Stanley lifted their target price 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. Bank of America reissued a “neutral” rating and set a $202.00 target price on shares of Home Depot in a research report on Thursday, April 11th. Robert W. Baird reissued a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. Finally, Goldman Sachs Group initiated coverage on shares of Home Depot in a research report on Thursday, July 11th. They set a “buy” rating and a $235.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $207.78.
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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