Home Depot, Inc. (The) (HD) Shares Bought by Warren Averett Asset Management LLC

Warren Averett Asset Management LLC boosted its stake in Home Depot, Inc. (The) (NYSE:HD) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,389 shares of the home improvement retailer’s stock after purchasing an additional 228 shares during the quarter. Warren Averett Asset Management LLC’s holdings in Home Depot, Inc. (The) were worth $827,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. V Wealth Management LLC purchased a new stake in shares of Home Depot, Inc. (The) during the 1st quarter valued at about $432,000. CAPROCK Group Inc. raised its position in shares of Home Depot, Inc. (The) by 3.0% during the 1st quarter. CAPROCK Group Inc. now owns 13,125 shares of the home improvement retailer’s stock valued at $1,927,000 after buying an additional 377 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Home Depot, Inc. (The) by 0.9% during the 1st quarter. Nationwide Fund Advisors now owns 1,117,538 shares of the home improvement retailer’s stock valued at $164,088,000 after buying an additional 9,460 shares in the last quarter. Hollencrest Securities LLC raised its position in shares of Home Depot, Inc. (The) by 5.5% during the 1st quarter. Hollencrest Securities LLC now owns 3,363 shares of the home improvement retailer’s stock valued at $494,000 after buying an additional 175 shares in the last quarter. Finally, Patriot Wealth Management Inc. raised its position in shares of Home Depot, Inc. (The) by 2.0% during the 1st quarter. Patriot Wealth Management Inc. now owns 57,657 shares of the home improvement retailer’s stock valued at $8,466,000 after buying an additional 1,147 shares in the last quarter. Institutional investors and hedge funds own 71.38% of the company’s stock.

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the completion of the transaction, the executive vice president now owns 64,810 shares in the company, valued at approximately $9,877,044. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,717 shares of company stock worth $8,916,321. 0.26% of the stock is owned by insiders.

HD has been the topic of several recent research reports. Royal Bank Of Canada restated an “outperform” rating and set a $176.00 target price on shares of Home Depot, Inc. (The) in a research report on Friday, June 16th. Vetr cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price on the stock. in a research report on Monday, June 19th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and set a $182.00 target price on shares of Home Depot, Inc. (The) in a research report on Friday, June 23rd. Finally, Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $172.38.

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Home Depot, Inc. (NYSE:HD) opened at 164.59 on Friday. The stock’s 50 day moving average is $158.93 and its 200-day moving average is $153.90. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $166.63. The company has a market capitalization of $194.02 billion, a P/E ratio of 23.69 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The firm had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. During the same period in the prior year, the firm earned $1.97 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect that Home Depot, Inc. will post $7.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.16%. The ex-dividend date was Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is currently 51.15%.

Home Depot, Inc. (The) 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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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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