Mogy Joel R Investment Counsel Inc. increased its position in Home Depot Inc (NYSE:HD) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 110,475 shares of the home improvement retailer’s stock after buying an additional 560 shares during the period. Home Depot accounts for about 3.0% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 8th largest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Home Depot were worth $18,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. increased its holdings in shares of Home Depot by 19.1% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 33,342 shares of the home improvement retailer’s stock worth $5,107,000 after purchasing an additional 5,344 shares during the period. Legacy Private Trust Co. increased its holdings in shares of Home Depot by 28.5% during the 2nd quarter. Legacy Private Trust Co. now owns 10,717 shares of the home improvement retailer’s stock worth $1,644,000 after purchasing an additional 2,379 shares during the period. Wela Strategies Inc. bought a new position in shares of Home Depot during the 2nd quarter worth about $217,000. Sumitomo Life Insurance Co. increased its holdings in shares of Home Depot by 4.4% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 49,849 shares of the home improvement retailer’s stock worth $7,647,000 after purchasing an additional 2,102 shares during the period. Finally, NGAM Advisors L.P. increased its holdings in shares of Home Depot by 55.3% during the 2nd quarter. NGAM Advisors L.P. now owns 246,577 shares of the home improvement retailer’s stock worth $37,825,000 after purchasing an additional 87,827 shares during the period. Hedge funds and other institutional investors own 70.51% of the company’s stock.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Tuesday. Jefferies Group restated a “buy” rating and set a $223.00 price objective on shares of Home Depot in a report on Monday. Stifel Nicolaus boosted their price objective on shares of Home Depot from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Credit Suisse Group boosted their price objective on shares of Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $220.00 price objective (up previously from $190.00) on shares of Home Depot in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $190.32.
Shares of Home Depot Inc (HD) opened at $191.04 on Wednesday. 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 Inc has a 12-month low of $136.33 and a 12-month high of $207.60. The firm has a market cap of $213,826.53, a PE ratio of 25.43, a PEG ratio of 1.34 and a beta of 1.08.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the 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 for the quarter, compared to analyst estimates of $24.53 billion. During the same period in the previous year, the business earned $1.60 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. analysts anticipate that Home Depot Inc will post 7.38 earnings per share for the current year.
Home Depot declared that its board has approved a share buyback plan on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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