Home Depot Inc (HD) Holdings Lifted by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC raised its holdings in Home Depot Inc (NYSE:HD) by 11.2% during the third quarter, Holdings Channel reports. The fund owned 3,731 shares of the home improvement retailer’s stock after purchasing an additional 375 shares during the period. New England Private Wealth Advisors LLC’s holdings in Home Depot were worth $612,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Atlantic Trust LLC boosted its stake in shares of Home Depot by 12.8% during the second quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock valued at $3,119,000 after purchasing an additional 2,309 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of Home Depot by 6.3% during the third quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock valued at $366,731,000 after purchasing an additional 133,300 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Home Depot by 3.0% during the second quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock valued at $11,295,000 after purchasing an additional 2,133 shares in the last quarter. Smithfield Trust Co. boosted its stake in shares of Home Depot by 0.3% during the second quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock valued at $1,287,000 after purchasing an additional 25 shares in the last quarter. Finally, BP PLC boosted its stake in shares of Home Depot by 16.2% during the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock valued at $27,459,000 after purchasing an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Shares of Home Depot Inc (NYSE:HD) opened at $191.29 on Thursday. Home Depot Inc has a 1-year low of $136.82 and a 1-year high of $207.60. The stock has a market capitalization of $223,086.77, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.39 and a beta of 1.08. 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 posted its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. analysts forecast that Home Depot Inc will post 7.38 EPS for the current fiscal year.

Home Depot declared that its board has authorized a stock buyback program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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

A number of research firms recently commented on HD. Robert W. Baird set a $185.00 price objective on Home Depot and gave the stock a “buy” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Oppenheimer set a $178.00 price target on Home Depot and gave the company a “buy” rating in a research note on Tuesday, November 14th. Bank of America boosted their price target on Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Argus boosted their price target on Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, BMO Capital Markets set a $176.00 price target on Home Depot and gave the company a “buy” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $190.32.

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About Home Depot

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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