Bailard Inc. Acquires 7,616 Shares of Home Depot Inc (NYSE:HD)

Bailard Inc. raised its holdings in Home Depot Inc (NYSE:HD) by 14.9% in the third quarter, Holdings Channel reports. The firm owned 58,802 shares of the home improvement retailer’s stock after purchasing an additional 7,616 shares during the period. Home Depot accounts for 0.8% of Bailard Inc.’s investment portfolio, making the stock its 21st largest holding. Bailard Inc.’s holdings in Home Depot were worth $13,643,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HD. Bath Savings Trust Co increased its holdings in Home Depot by 7.7% in the 2nd quarter. Bath Savings Trust Co now owns 29,458 shares of the home improvement retailer’s stock valued at $6,127,000 after buying an additional 2,109 shares during the period. Cox Capital Mgt LLC grew its holdings in shares of Home Depot by 3.1% in the 2nd quarter. Cox Capital Mgt LLC now owns 14,935 shares of the home improvement retailer’s stock worth $3,106,000 after purchasing an additional 453 shares during the last quarter. Thomasville National Bank grew its holdings in shares of Home Depot by 17.7% in the 2nd quarter. Thomasville National Bank now owns 9,159 shares of the home improvement retailer’s stock worth $1,905,000 after purchasing an additional 1,377 shares during the last quarter. LVM Capital Management Ltd. MI grew its holdings in shares of Home Depot by 2.5% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 44,736 shares of the home improvement retailer’s stock worth $9,304,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Baystate Wealth Management LLC grew its holdings in shares of Home Depot by 2.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 3,169 shares of the home improvement retailer’s stock worth $666,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 69.96% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Gabelli lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. They noted that the move was a valuation call. Guggenheim lowered shares of Home Depot from a “buy” rating to a “neutral” rating in a report on Tuesday, September 17th. Telsey Advisory Group upped their target price on shares of Home Depot from $210.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, September 25th. Morgan Stanley upped their target price on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Wolfe Research assumed coverage on shares of Home Depot in a report on Tuesday, October 8th. They issued a “buy” rating and a $260.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $228.24.

Shares of NYSE HD opened at $237.93 on Monday. The firm’s 50-day simple moving average is $230.02 and its 200 day simple moving average is $211.17. The company has a market cap of $259.30 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $238.73.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.07 by $0.10. The business had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.05 EPS. On average, research analysts predict that Home Depot Inc will post 10.12 earnings per share for the current year.

In related news, CFO Carol B. Tome sold 145,400 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the transaction, the chief financial officer now owns 496,374 shares in the company, valued at approximately $108,725,760.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the transaction, the executive vice president now owns 84,123 shares in the company, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is owned by corporate insiders.

Home Depot Company 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.

Read More: Initial Coin Offering (ICO)

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

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