Lenox Wealth Management Inc. Raises Stock Position in Home Depot Inc (NYSE:HD)

Lenox Wealth Management Inc. increased its stake in Home Depot Inc (NYSE:HD) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,789 shares of the home improvement retailer’s stock after purchasing an additional 215 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Home Depot were worth $1,111,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Krane Funds Advisors LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at $25,000. Enterprise Trust & Investment Co bought a new stake in shares of Home Depot during the 3rd quarter valued at $27,000. Julex Capital Management LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at $29,000. Evolution Wealth Advisors LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at $31,000. Finally, Proffitt & Goodson Inc. raised its position in shares of Home Depot by 106.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock valued at $31,000 after purchasing an additional 69 shares during the period. Institutional investors own 70.02% of the company’s stock.

In other Home Depot news, CFO Carol B. Tome sold 145,400 shares of Home Depot stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the transaction, the chief financial officer now directly owns 496,374 shares of the company’s stock, valued at approximately $108,725,760.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward P. Decker sold 22,908 shares of Home Depot stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the transaction, the executive vice president now directly owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The disclosure for this sale can be found here. Insiders sold a total of 177,508 shares of company stock valued at $39,076,428 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Home Depot from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. SunTrust Banks restated a “hold” rating and set a $208.00 price objective on shares of Home Depot in a research report on Wednesday, August 21st. Telsey Advisory Group raised their price objective on shares of Home Depot from $210.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, September 25th. Citigroup raised their price objective on shares of Home Depot from $246.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus raised their price objective on shares of Home Depot to $230.00 and gave the company a “buy” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and a consensus price target of $229.77.

HD traded down $0.10 during trading on Friday, hitting $232.84. 2,038,410 shares of the company traded hands, compared to its average volume of 2,590,316. The company has a market cap of $254.29 billion, a PE ratio of 23.54, a P/E/G ratio of 2.31 and a beta of 1.04. The stock’s 50-day simple moving average is $232.23 and its two-hundred day simple moving average is $214.66. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $238.99.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. During the same period last year, the company posted $3.05 earnings per share. Home Depot’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts anticipate that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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