Home Depot Inc (NYSE:HD) Shares Acquired by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. increased its position in shares of Home Depot Inc (NYSE:HD) by 54.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,498 shares of the home improvement retailer’s stock after buying an additional 8,253 shares during the quarter. Home Depot comprises approximately 1.5% of EFG Asset Management Americas Corp.’s portfolio, making the stock its 19th largest position. EFG Asset Management Americas Corp.’s holdings in Home Depot were worth $5,886,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Home Depot during the first quarter worth $153,000. Foundations Investment Advisors LLC boosted its stake in Home Depot by 17.7% in the first quarter. Foundations Investment Advisors LLC now owns 3,298 shares of the home improvement retailer’s stock valued at $589,000 after acquiring an additional 495 shares in the last quarter. Budros Ruhlin & Roe Inc. boosted its stake in Home Depot by 20.6% in the first quarter. Budros Ruhlin & Roe Inc. now owns 6,718 shares of the home improvement retailer’s stock valued at $1,254,000 after acquiring an additional 1,147 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Home Depot by 10.2% in the first quarter. Cornerstone Wealth Management LLC now owns 3,099 shares of the home improvement retailer’s stock valued at $579,000 after acquiring an additional 286 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its stake in Home Depot by 0.9% in the first quarter. Natixis Advisors L.P. now owns 412,064 shares of the home improvement retailer’s stock valued at $76,936,000 after acquiring an additional 3,715 shares in the last quarter. 69.65% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP William G. Lennie sold 17,993 shares of the company’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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Several equities analysts have issued reports on HD shares. Robert W. Baird upped their price objective on shares of Home Depot from $215.00 to $265.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Wedbush upped their target price on shares of Home Depot from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Raymond James upped their target price on shares of Home Depot from $245.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Jefferies Financial Group upped their target price on shares of Home Depot from $228.00 to $269.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price target for the company in a report on Monday, June 1st. One research 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 issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $256.30.

Shares of NYSE:HD traded down $0.82 during midday trading on Friday, hitting $265.49. 3,640,388 shares of the stock were exchanged, compared to its average volume of 2,813,202. The stock 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. The business’s 50-day moving average price is $252.21 and its 200 day moving average price is $229.53. 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 quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the Thomson Reuters’ 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 negative return on equity of 496.11% and a net margin of 9.79%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 earnings per share. Research analysts forecast that Home Depot Inc will post 10.09 earnings per share for the current fiscal year.

About Home Depot

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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