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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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