Foster Victor Wealth Advisors LLC lifted its stake in shares of Home Depot Inc (NYSE:HD) by 63.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,523 shares of the home improvement retailer’s stock after buying an additional 977 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Home Depot were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in HD. Belmont Capital LLC acquired a new position in Home Depot in the fourth quarter worth $28,000. Your Advocates Ltd. LLP acquired a new position in Home Depot in the first quarter worth $27,000. Litman Gregory Asset Management LLC boosted its holdings in Home Depot by 2,042.9% in the fourth quarter. Litman Gregory Asset Management LLC now owns 150 shares of the home improvement retailer’s stock worth $33,000 after purchasing an additional 143 shares during the period. Evolution Wealth Advisors LLC boosted its holdings in Home Depot by 85.9% in the fourth quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 73 shares during the period. Finally, John W. Brooker & Co. CPAs acquired a new position in Home Depot in the fourth quarter worth $37,000. 70.78% of the stock is owned by institutional investors and hedge funds.
Shares of Home Depot stock opened at $218.57 on Friday. The company’s 50-day moving average price is $193.20 and its two-hundred day moving average price is $219.77. Home Depot Inc has a 52 week low of $140.63 and a 52 week high of $247.36. The stock has a market cap of $236.12 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.04.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $2.28 EPS for the quarter, topping the consensus estimate of $2.11 by $0.17. Home Depot had a net margin of 10.20% and a negative return on equity of 599.49%. The firm had revenue of $25.78 billion for the quarter, compared to analysts’ expectations of $25.78 billion. During the same period in the previous year, the business earned $2.25 earnings per share. Home Depot’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts anticipate that Home Depot Inc will post 9.86 EPS for the current fiscal year.
In other Home Depot news, EVP William G. Lennie sold 9,848 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $234.34, for a total value of $2,307,780.32. Following the sale, the executive vice president now directly owns 37,995 shares in the company, valued at $8,903,748.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.
A number of equities analysts have commented on the stock. Wells Fargo & Co lifted their price objective on shares of Home Depot from $195.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Morgan Stanley decreased their price objective on shares of Home Depot from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $241.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Robert W. Baird reissued a “buy” rating and set a $260.00 price target (up previously from $245.00) on shares of Home Depot in a report on Tuesday, February 25th. Finally, Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating and set a $231.00 price target for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot has an average rating of “Buy” and an average price target of $239.20.
Home Depot Company 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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