FDx Advisors Inc. Acquires 7,845 Shares of Home Depot Inc (HD)

FDx Advisors Inc. boosted its holdings in Home Depot Inc (NYSE:HD) by 27.2% during the third quarter, HoldingsChannel.com reports. The firm owned 36,723 shares of the home improvement retailer’s stock after acquiring an additional 7,845 shares during the quarter. FDx Advisors Inc.’s holdings in Home Depot were worth $6,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jacobi Capital Management LLC lifted its stake in shares of Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after buying an additional 101 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Home Depot by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after buying an additional 340 shares in the last quarter. Glassman Wealth Services lifted its stake in shares of Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after buying an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC lifted its stake in shares of Home Depot by 81.8% in the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after buying an additional 495 shares in the last quarter. Finally, Mascoma Wealth Management LLC lifted its stake in shares of Home Depot by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after buying an additional 7 shares in the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.

Several research analysts have recently issued reports on the stock. Deutsche Bank upped their target price on shares of Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $220.00 target price (up previously from $190.00) on shares of Home Depot in a research note on Friday. Argus upped their target price on shares of Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Robert W. Baird set a $175.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $184.39.

Shares of Home Depot Inc (HD) opened at $201.33 on Monday. Home Depot Inc has a twelve month low of $134.60 and a twelve month high of $201.33. The company has a market cap of $235,102.91, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. During the same period in the prior year, the company earned $1.60 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. equities research analysts predict that Home Depot Inc will post 7.39 EPS for the current year.

Home Depot announced that its Board of Directors has approved a share buyback plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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Home Depot 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 (NYSE:HD)

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