Home Depot, Inc. (The) (HD) Stake Decreased by Starfire Investment Advisers Inc.

Starfire Investment Advisers Inc. trimmed its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,703 shares of the home improvement retailer’s stock after selling 70 shares during the quarter. Starfire Investment Advisers Inc.’s holdings in Home Depot, Inc. (The) were worth $568,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HD. Wedbush Securities Inc. raised its holdings in shares of Home Depot, Inc. (The) by 13.3% during the 2nd quarter. Wedbush Securities Inc. now owns 25,885 shares of the home improvement retailer’s stock worth $3,971,000 after buying an additional 3,041 shares in the last quarter. IFC Holdings Incorporated FL raised its holdings in shares of Home Depot, Inc. (The) by 1.5% during the 2nd quarter. IFC Holdings Incorporated FL now owns 40,677 shares of the home improvement retailer’s stock worth $6,238,000 after buying an additional 598 shares in the last quarter. Traynor Capital Management Inc. raised its holdings in shares of Home Depot, Inc. (The) by 66.6% during the 2nd quarter. Traynor Capital Management Inc. now owns 2,718 shares of the home improvement retailer’s stock worth $402,000 after buying an additional 1,087 shares in the last quarter. First Mercantile Trust Co. raised its holdings in shares of Home Depot, Inc. (The) by 3.3% during the 2nd quarter. First Mercantile Trust Co. now owns 8,244 shares of the home improvement retailer’s stock worth $1,264,000 after buying an additional 263 shares in the last quarter. Finally, Jones Collombin Investment Counsel Inc raised its holdings in shares of Home Depot, Inc. (The) by 0.8% during the 2nd quarter. Jones Collombin Investment Counsel Inc now owns 47,770 shares of the home improvement retailer’s stock worth $7,328,000 after buying an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 71.52% of the company’s stock.

HD has been the subject of a number of research analyst reports. Zacks Investment Research raised 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. Sanford C. Bernstein reissued 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. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $164.18 price target for the company in a report on Thursday, July 20th. Jefferies Group LLC reissued a “buy” rating on shares of Home Depot, Inc. (The) in a report on Monday, July 24th. Finally, BidaskClub cut Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $172.38.

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In related news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the transaction, the executive vice president now owns 64,810 shares in the company, valued at approximately $9,877,044. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,717 shares of company stock worth $8,916,321. 0.26% of the stock is owned by company insiders.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. During the same quarter in the previous year, the business earned $1.97 EPS. Home Depot, Inc. (The)’s revenue was up 6.2% compared to the same quarter last year.

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.

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

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