Duality Advisers LP Purchases New Stake in Home Depot Inc (NYSE:HD)

Duality Advisers LP acquired a new position in Home Depot Inc (NYSE:HD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,165 shares of the home improvement retailer’s stock, valued at approximately $1,544,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Your Advocates Ltd. LLP acquired a new position in shares of Home Depot in the 1st quarter valued at about $27,000. Lion Street Advisors LLC acquired a new stake in shares of Home Depot during the first quarter worth approximately $28,000. Price Wealth LLC increased its stake in Home Depot by 138.5% in 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 period. Selective Wealth Management Inc. lifted its position in Home Depot by 243.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 100 shares in the last quarter. Finally, Cordasco Financial Network boosted its stake in shares of Home Depot by 120.5% during the 1st quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 69.65% of the company’s stock.

Several analysts recently issued reports on HD shares. 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. Raymond James lifted their price target on Home Depot from $245.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Oppenheimer started coverage on Home Depot in a report on Friday, July 10th. They issued a “buy” rating and a $274.00 price objective on the stock. Morgan Stanley raised their price objective on shares of Home Depot from $245.00 to $260.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Finally, Wedbush boosted their target price on shares of Home Depot from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given 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 a consensus price target of $256.30.

In other news, EVP William G. Lennie sold 17,993 shares of the business’s stock in a transaction that occurred 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 sale, 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 document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

Shares of HD opened at $265.49 on Friday. The company has a 50-day simple moving average of $252.21 and a 200-day simple moving average 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 $285.54 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 issued its quarterly earnings results 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). The firm had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Equities research analysts predict that Home Depot Inc will post 10.09 earnings per share for the current year.

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 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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