Home Depot, Inc. (The) (NYSE:HD) Shares Bought by Rainier Group Investment Advisory LLC

Rainier Group Investment Advisory LLC increased its position in Home Depot, Inc. (The) (NYSE:HD) by 7.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,968 shares of the home improvement retailer’s stock after buying an additional 263 shares during the period. Home Depot, Inc. (The) comprises approximately 0.3% of Rainier Group Investment Advisory LLC’s holdings, making the stock its 18th largest position. Rainier Group Investment Advisory LLC’s holdings in Home Depot, Inc. (The) were worth $583,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. raised its stake in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC raised its stake in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares during the last quarter. Advantage Investment Management LLC acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth $103,000. University of Texas Investment Managment Co. acquired a new stake in shares of Home Depot, Inc. (The) during the first quarter worth $132,000. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth $131,000. 71.52% of the stock is owned by institutional investors and hedge funds.

Shares of Home Depot, Inc. (NYSE:HD) traded up 0.65% during mid-day trading on Friday, reaching $154.88. 3,367,069 shares of the company traded hands. The firm has a 50 day moving average of $151.35 and a 200-day moving average of $149.49. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The stock has a market capitalization of $185.17 billion, a PE ratio of 23.18 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The company had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that Home Depot, Inc. will post $7.25 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.com-unik.info/2017/08/11/rainier-group-investment-advisory-llc-buys-263-shares-of-home-depot-inc-the-nysehd-updated.html.

A number of equities research analysts have recently weighed in on the stock. Atlantic Securities lowered shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price objective for the company. in a report on Thursday, May 11th. Stifel Nicolaus reiterated a “buy” rating and set a $178.00 price target (up from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, May 16th. UBS AG reiterated a “buy” rating and set a $175.00 price target (up from $173.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $152.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $164.72.

In related news, Director Wayne M. Hewett bought 350 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $157.11 per share, for a total transaction of $54,988.50. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $219,954. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 7,000 shares of Home Depot, Inc. (The) stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.56, for a total value of $1,095,920.00. Following the completion of the transaction, the executive vice president now owns 54,091 shares in the company, valued at approximately $8,468,486.96. The disclosure for this sale can be found here. Insiders sold 128,900 shares of company stock worth $20,167,386 in the last quarter. 0.26% of the stock is owned by insiders.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

What are top analysts saying about Home Depot Inc. (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Home Depot Inc. (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit