Wade G W & Inc. lessened its holdings in Home Depot Inc (NYSE:HD) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,416 shares of the home improvement retailer’s stock after selling 401 shares during the period. Wade G W & Inc.’s holdings in Home Depot were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Atlantic Trust LLC raised its stake in Home Depot by 12.8% in the 2nd quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock valued at $3,119,000 after acquiring an additional 2,309 shares during the period. APG Asset Management N.V. raised its stake in Home Depot by 6.3% in the 3rd 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 acquiring an additional 133,300 shares during the period. IFP Advisors Inc raised its stake in Home Depot by 3.0% in the 2nd quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock valued at $11,295,000 after acquiring an additional 2,133 shares during the period. Smithfield Trust Co. raised its stake in Home Depot by 0.3% in the 2nd quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock valued at $1,287,000 after acquiring an additional 25 shares during the period. Finally, BP PLC raised its stake in Home Depot by 16.2% in the 2nd quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock valued at $27,459,000 after acquiring an additional 25,000 shares during the period. Institutional investors and hedge funds own 70.51% of the company’s stock.
Several research analysts have weighed in on HD shares. Royal Bank of Canada set a $179.00 price objective on Home Depot and gave the stock a “buy” rating in a research report on Monday, October 30th. Citigroup increased their price objective on Home Depot from $179.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Credit Suisse Group increased their price objective on Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Bank of America increased their price objective on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, KeyCorp started coverage on Home Depot in a research report on Tuesday, November 7th. They set a “sector weight” rating on the stock. Two investment 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 given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $190.32.
Home Depot (NYSE:HD) last released its quarterly earnings data 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. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. Home Depot’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $1.60 earnings per share. research analysts anticipate that Home Depot Inc will post 7.38 earnings per share for the current year.
Home Depot announced that its board has authorized a stock repurchase plan 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 purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
In related news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company’s stock.
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Home Depot 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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