K.J. Harrison & Partners Inc purchased a new position in shares of Home Depot Inc (NYSE:HD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,875 shares of the home improvement retailer’s stock, valued at approximately $598,000.
Other institutional investors also recently made changes to their positions in the company. Evolution Wealth Advisors LLC acquired a new position in shares of Home Depot during the 2nd quarter valued at $31,000. Virtus ETF Advisers LLC bought a new stake in shares of Home Depot during the 4th quarter worth $32,000. Thor Advisors LLC bought a new stake in shares of Home Depot during the 1st quarter worth $32,000. Enlightenment Research LLC bought a new stake in shares of Home Depot during the 4th quarter worth $34,000. Finally, Private Ocean LLC boosted its stake in shares of Home Depot by 53.3% during the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.
Several equities research analysts have recently weighed in on HD shares. Gabelli lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Telsey Advisory Group reissued a “market perform” rating and set a $192.00 price objective on shares of Home Depot in a research note on Wednesday, May 1st. Loop Capital raised their price objective on Home Depot to $195.00 and gave the stock a “hold” rating in a research note on Friday, July 19th. Credit Suisse Group set a $192.00 price objective on Home Depot and gave the stock a “neutral” rating in a research note on Tuesday. Finally, ValuEngine lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Home Depot presently has an average rating of “Buy” and an average target price of $210.12.
Shares of Home Depot stock traded up $9.38 during midday trading on Tuesday, hitting $217.33. The company’s stock had a trading volume of 4,786,413 shares, compared to its average volume of 3,180,222. The firm has a market capitalization of $224.07 billion, a P/E ratio of 21.97, a PEG ratio of 1.88 and a beta of 1.12. The stock has a 50-day simple moving average of $211.81 and a 200-day simple moving average of $198.85. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $219.30.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.10. The business had revenue of $26.38 billion during the quarter, compared to analysts’ expectations of $26.34 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. Home Depot’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.08 earnings per share. On average, analysts forecast that Home Depot Inc will post 10.1 EPS for the current year.
In other news, CFO Carol B. Tome sold 26,334 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $189.17, for a total value of $4,981,602.78. Following the completion of the sale, the chief financial officer now owns 519,253 shares of the company’s stock, valued at $98,227,090.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 13,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $193.30, for a total value of $2,512,900.00. Following the completion of the sale, the executive vice president now directly owns 64,575 shares of the company’s stock, valued at approximately $12,482,347.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,522 shares of company stock valued at $16,156,831. 0.27% of the stock is currently owned by insiders.
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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