Home Depot Inc (HD) Position Lifted by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC increased its holdings in shares of Home Depot Inc (NYSE:HD) by 82.9% during the third quarter, HoldingsChannel.com reports. The fund owned 20,015 shares of the home improvement retailer’s stock after buying an additional 9,074 shares during the period. Zeke Capital Advisors LLC’s holdings in Home Depot were worth $3,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HD. Jacobi Capital Management LLC increased its stake in Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares during the last quarter. Burt Wealth Advisors increased its stake in Home Depot by 83.5% in the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after purchasing an additional 396 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in 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 valued at $145,000 after purchasing an additional 340 shares during the last quarter. Glassman Wealth Services increased its stake in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares during the last quarter. Finally, AllSquare Wealth Management LLC acquired a new position in Home Depot in the third quarter valued at $178,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

HD has been the subject of several analyst reports. Credit Suisse Group reiterated a “hold” rating on shares of Home Depot in a research note on Tuesday, December 12th. Deutsche Bank upped their price target on Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. SunTrust Banks upped their price target on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, December 7th. Citigroup restated a “buy” rating and set a $213.00 price target on shares of Home Depot in a research note on Thursday, December 7th. Finally, BTIG Research upped their price target on Home Depot to $215.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $190.32.

Shares of Home Depot Inc (NYSE:HD) opened at $184.06 on Tuesday. The stock has a market capitalization of $214,940.00, a P/E ratio of 25.53, a P/E/G ratio of 1.34 and a beta of 1.08. Home Depot Inc has a 1-year low of $139.05 and a 1-year high of $207.60. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $1.60 EPS. analysts forecast that Home Depot Inc will post 7.38 earnings per share for the current year.

Home Depot declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board 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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