Ballast Advisors LLC lifted its holdings in Home Depot Inc (NYSE:HD) by 35.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,624 shares of the home improvement retailer’s stock after acquiring an additional 423 shares during the quarter. Ballast Advisors LLC’s holdings in Home Depot were worth $407,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Price Wealth LLC raised its holdings in Home Depot by 138.5% during the 2nd quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after buying an additional 72 shares during the last quarter. Selective Wealth Management Inc. raised its holdings in Home Depot by 243.9% during the 2nd quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 100 shares during the last quarter. Your Advocates Ltd. LLP purchased a new position in Home Depot during the 1st quarter valued at $27,000. Lion Street Advisors LLC purchased a new position in Home Depot during the 1st quarter valued at $28,000. Finally, Evolution Wealth Advisors LLC increased its position in Home Depot by 138.8% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 111 shares during the period. 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 that occurred on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the sale, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.
Home Depot stock opened at $265.49 on Friday. The firm has a 50 day moving average of $252.21 and a 200 day moving average of $229.53. The firm has a market capitalization of $285.54 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $269.07.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $28.26 billion during the quarter, compared to analysts’ expectations of $27.59 billion. During the same period in the prior year, the company posted $2.27 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, analysts predict that Home Depot Inc will post 10.09 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. Loop Capital boosted their price objective on shares of Home Depot from $235.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Credit Suisse Group boosted their price objective on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Morgan Stanley upped their target price on shares of Home Depot from $245.00 to $260.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. CSFB upped their target price on shares of Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Finally, UBS Group upped their target price on shares of Home Depot from $265.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Home Depot presently has an average rating of “Buy” and an average target price of $256.30.
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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