Regent Investment Management LLC trimmed its holdings in Home Depot Inc (NYSE:HD) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,067 shares of the home improvement retailer’s stock after selling 127 shares during the quarter. Regent Investment Management LLC’s holdings in Home Depot were worth $2,021,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of Home Depot by 18.8% in the 1st quarter. Wellington Management Group LLP now owns 22,254,517 shares of the home improvement retailer’s stock valued at $4,155,141,000 after buying an additional 3,515,402 shares in the last quarter. Capital Research Global Investors lifted its position in Home Depot by 28.6% in the first quarter. Capital Research Global Investors now owns 21,071,595 shares of the home improvement retailer’s stock valued at $3,934,286,000 after acquiring an additional 4,690,072 shares during the last quarter. Geode Capital Management LLC boosted its stake in Home Depot by 1.1% in the first quarter. Geode Capital Management LLC now owns 16,956,982 shares of the home improvement retailer’s stock valued at $3,160,862,000 after acquiring an additional 191,403 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Home Depot by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 10,051,038 shares of the home improvement retailer’s stock worth $1,876,628,000 after purchasing an additional 303,357 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Home Depot by 2.4% during the first quarter. Morgan Stanley now owns 9,255,927 shares of the home improvement retailer’s stock worth $1,728,173,000 after purchasing an additional 216,078 shares in the last quarter. Institutional investors own 69.65% of the company’s stock.
In related news, EVP William G. Lennie sold 17,993 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total value of $4,246,707.86. Following the completion of the transaction, the executive vice president now owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by company insiders.
HD has been the topic of a number of research reports. Raymond James raised their price target on Home Depot from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Royal Bank of Canada lifted their target price on shares of Home Depot from $261.00 to $266.00 in a report on Wednesday, May 20th. Robert W. Baird upped their price target on shares of Home Depot from $215.00 to $265.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. UBS Group raised their price objective 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. Finally, Barclays reiterated a “buy” rating and set a $260.00 target price (up previously from $235.00) on shares of Home Depot in a research note on Wednesday, May 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot has an average rating of “Buy” and a consensus target price of $256.30.
HD stock opened at $265.49 on Friday. The company’s 50 day simple moving average is $252.21 and its 200-day simple moving average 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 capitalization of $285.54 billion, a PE ratio of 26.39, a P/E/G 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 analysts’ consensus estimates of $2.27 by ($0.19). The company had revenue of $28.26 billion during the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. Home Depot’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 EPS. Sell-side analysts expect that Home Depot Inc will post 10.09 EPS 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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