Chicago Capital LLC Has $2.17 Million Stake in Home Depot Inc (NYSE:HD)

Chicago Capital LLC grew its holdings in Home Depot Inc (NYSE:HD) by 25.8% during the second quarter, Holdings Channel.com reports. The firm owned 8,671 shares of the home improvement retailer’s stock after buying an additional 1,780 shares during the period. Chicago Capital LLC’s holdings in Home Depot were worth $2,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HD. Guggenheim Capital LLC increased its holdings in shares of Home Depot by 8.7% in the 4th quarter. Guggenheim Capital LLC now owns 195,580 shares of the home improvement retailer’s stock valued at $42,710,000 after purchasing an additional 15,734 shares during the period. Franklin Resources Inc. increased its holdings in Home Depot by 1.4% in the fourth quarter. Franklin Resources Inc. now owns 493,571 shares of the home improvement retailer’s stock worth $107,786,000 after buying an additional 7,022 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Home Depot by 25.8% in the fourth quarter. Macquarie Group Ltd. now owns 239,852 shares of the home improvement retailer’s stock worth $52,379,000 after buying an additional 49,177 shares during the last quarter. Stillwater Investment Management LLC increased its holdings in Home Depot by 13.0% in the first quarter. Stillwater Investment Management LLC now owns 1,742 shares of the home improvement retailer’s stock worth $325,000 after buying an additional 200 shares during the last quarter. Finally, Fulton Bank N.A. increased its holdings in Home Depot by 4.9% in the first quarter. Fulton Bank N.A. now owns 19,428 shares of the home improvement retailer’s stock worth $3,628,000 after buying an additional 903 shares during the last quarter. Institutional investors own 69.65% of the company’s stock.

In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the transaction, the executive vice president now directly owns 54,405 shares in the company, valued at $12,840,668.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

HD has been the topic of a number of research reports. Credit Suisse Group increased their price objective on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Nomura increased their price objective on Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Nomura Instinet increased their price objective on Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. CSFB increased their price objective on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Finally, Royal Bank of Canada upped their target price on Home Depot from $261.00 to $266.00 in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Home Depot currently has an average rating of “Buy” and a consensus target price of $256.30.

Home Depot stock opened at $265.49 on Friday. The stock has a fifty day moving average price of $252.21 and a two-hundred day moving average price of $229.53. Home Depot Inc has a 52-week low of $140.63 and a 52-week high of $269.07. The firm has a market capitalization of $286.42 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The company had revenue of $28.26 billion for the quarter, compared to analyst estimates of $27.59 billion. During the same quarter in the prior year, the company earned $2.27 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts forecast that Home Depot Inc will post 10.09 EPS for the current fiscal year.

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 d├ęcor 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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