Intact Investment Management Inc. decreased its holdings in Home Depot Inc (NYSE:HD) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,100 shares of the home improvement retailer’s stock after selling 3,800 shares during the quarter. Intact Investment Management Inc.’s holdings in Home Depot were worth $12,284,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Your Advocates Ltd. LLP purchased a new stake in Home Depot in the 1st quarter valued at about $27,000. Lion Street Advisors LLC purchased a new stake in Home Depot in the 1st quarter valued at about $28,000. Price Wealth LLC increased its stake in Home Depot by 138.5% in the 2nd quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after buying an additional 72 shares during the last quarter. Selective Wealth Management Inc. increased its stake in Home Depot by 243.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 100 shares during the last quarter. Finally, Cordasco Financial Network increased its stake in Home Depot by 120.5% in the 1st quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 135 shares during the last quarter. 69.65% of the stock is currently owned by institutional investors and hedge funds.
NYSE HD opened at $265.49 on Friday. Home Depot Inc has a 52-week low of $140.63 and a 52-week high of $269.07. The company has a market capitalization of $286.42 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06. The company has a fifty day moving average of $252.21 and a 200-day moving average of $229.53.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The company had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. During the same period in the prior year, the firm posted $2.27 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Home Depot Inc will post 10.09 earnings per share for the current fiscal year.
HD has been the subject of several research analyst reports. Wedbush raised their price target on shares of Home Depot from $200.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Telsey Advisory Group raised their price target on shares of Home Depot from $220.00 to $250.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 20th. Robert W. Baird raised their price target on shares of Home Depot from $215.00 to $265.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Morgan Stanley raised their price target on shares of Home Depot from $245.00 to $260.00 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. Finally, Gordon Haskett lowered shares of Home Depot from an “accumulate” rating to a “hold” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Home Depot currently has a consensus rating of “Buy” and a consensus target price of $256.30.
In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total value of $4,246,707.86. Following the completion of the sale, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.
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.
Recommended Story: Stock Split
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.