Kelman Lazarov Inc. cut its stake in Home Depot Inc (NYSE:HD) by 10.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,216 shares of the home improvement retailer’s stock after selling 143 shares during the quarter. Kelman Lazarov Inc.’s holdings in Home Depot were worth $305,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in HD. Capital Research Global Investors raised its stake in shares of Home Depot by 28.6% during the 1st quarter. Capital Research Global Investors now owns 21,071,595 shares of the home improvement retailer’s stock worth $3,934,286,000 after buying an additional 4,690,072 shares during the period. Advisor Group Holdings Inc. acquired a new position in shares of Home Depot during the 1st quarter worth approximately $77,291,000. Wellington Management Group LLP raised its stake in shares of Home Depot by 18.8% during the 1st quarter. Wellington Management Group LLP now owns 22,254,517 shares of the home improvement retailer’s stock worth $4,155,141,000 after buying an additional 3,515,402 shares during the period. Jennison Associates LLC raised its stake in shares of Home Depot by 27.3% during the 1st quarter. Jennison Associates LLC now owns 5,304,289 shares of the home improvement retailer’s stock worth $990,364,000 after buying an additional 1,138,587 shares during the period. Finally, Swiss National Bank raised its stake in shares of Home Depot by 21.4% during the 1st quarter. Swiss National Bank now owns 4,387,264 shares of the home improvement retailer’s stock worth $819,146,000 after buying an additional 774,600 shares during the period. 69.65% of the stock is owned by institutional investors.
HD opened at $265.49 on Friday. The stock’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. The firm has a market cap of $285.54 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.31 and a beta of 1.06.
Home Depot (NYSE:HD) last posted 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 for the quarter, compared to analyst estimates of $27.59 billion. During the same period in the previous year, the company posted $2.27 EPS. Home Depot’s revenue was up 7.1% on a year-over-year basis. On average, research analysts anticipate that Home Depot Inc will post 10.09 earnings per share for the current year.
Several research analysts have recently weighed in on HD shares. Wells Fargo & Co upped their target price on Home Depot from $270.00 to $295.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Morgan Stanley boosted their price target on Home Depot from $245.00 to $260.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Nomura boosted their price target on Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. SunTrust Banks dropped their price target on Home Depot from $240.00 to $220.00 and set a “hold” rating for the company in a research report on Thursday, April 16th. Finally, Piper Sandler boosted their price target on Home Depot from $231.00 to $236.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $256.30.
In related news, EVP William G. Lennie sold 17,993 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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