Vaughan Nelson Investment Management L.P. Takes Position in Home Depot, Inc. (The) (HD)

Vaughan Nelson Investment Management L.P. acquired a new stake in Home Depot, Inc. (The) (NYSE:HD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 433,770 shares of the home improvement retailer’s stock, valued at approximately $66,540,000.

Other hedge funds have also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new stake in shares of Home Depot, Inc. (The) during the first quarter worth $100,000. Advantage Investment Management LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth $103,000. Riggs Asset Managment Co. Inc. increased 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 period. CT Financial Advisors LLC increased 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 period. Finally, Thomas J. Herzfeld Advisors Inc. bought 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% on Friday, hitting $154.88. 3,645,200 shares of the stock traded hands. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The stock has a 50 day moving average of $151.35 and a 200-day moving average of $149.49. The stock has a market cap of $185.17 billion, a PE ratio of 23.18 and a beta of 1.08.

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

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A number of analysts have weighed in on the stock. BidaskClub raised shares of Home Depot, Inc. (The) from a “sell” rating to a “hold” rating in a report on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $182.00 price target on shares of Home Depot, Inc. (The) in a report on Thursday. Vetr raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $165.39 price target for the company in a report on Wednesday. Sanford C. Bernstein reissued a “market perform” rating and issued a $152.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $164.72.

In other news, EVP William G. Lennie sold 31,239 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the transaction, the executive vice president now owns 46,294 shares of the company’s stock, valued at $7,197,328.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann Marie Campbell sold 7,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 54,091 shares of the company’s stock, valued at approximately $8,468,486.96. The disclosure for this sale can be found here. Insiders sold 128,900 shares of company stock valued at $20,167,386 in the last ninety days. 0.26% of the stock is currently owned by insiders.

About Home Depot, Inc. (The)

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)

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