Lathrop Investment Management Corp grew its position in shares of Home Depot Inc (NYSE:HD) by 57.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,716 shares of the home improvement retailer’s stock after purchasing an additional 9,354 shares during the quarter. Home Depot makes up about 1.9% of Lathrop Investment Management Corp’s investment portfolio, making the stock its 23rd largest position. Lathrop Investment Management Corp’s holdings in Home Depot were worth $6,442,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Guggenheim Capital LLC grew its position in Home Depot by 8.7% during the 4th quarter. Guggenheim Capital LLC now owns 195,580 shares of the home improvement retailer’s stock worth $42,710,000 after acquiring an additional 15,734 shares during the last quarter. Franklin Resources Inc. grew its position in Home Depot by 1.4% during the 4th quarter. Franklin Resources Inc. now owns 493,571 shares of the home improvement retailer’s stock worth $107,786,000 after acquiring an additional 7,022 shares during the last quarter. Macquarie Group Ltd. grew its position in Home Depot by 25.8% during the 4th quarter. Macquarie Group Ltd. now owns 239,852 shares of the home improvement retailer’s stock worth $52,379,000 after acquiring an additional 49,177 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Home Depot by 17.7% during the 1st quarter. Foundations Investment Advisors LLC now owns 3,298 shares of the home improvement retailer’s stock worth $589,000 after acquiring an additional 495 shares during the last quarter. Finally, Independent Investors Inc. grew its position in Home Depot by 1.0% during the 1st quarter. Independent Investors Inc. now owns 9,198 shares of the home improvement retailer’s stock worth $1,717,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 69.65% of the company’s stock.
NYSE HD traded down $0.82 on Friday, reaching $265.49. The stock had a trading volume of 3,640,388 shares, compared to its average volume of 2,813,202. The firm 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. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $269.07. The stock has a fifty day moving average price of $252.21 and a two-hundred day moving average price of $229.53.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 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 business had revenue of $28.26 billion during the quarter, compared to analyst estimates of $27.59 billion. During the same quarter last year, the firm earned $2.27 EPS. The business’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that Home Depot Inc will post 10.09 earnings per share for the current year.
In related news, EVP William G. Lennie sold 17,993 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the transaction, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.
Several research firms recently issued reports on HD. CSFB raised their price target on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Wedbush lifted their price objective on Home Depot from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. UBS Group lifted their price objective on Home Depot from $265.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Bank of America lifted their price objective on Home Depot from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Finally, Wells Fargo & Co lifted their price objective on Home Depot from $270.00 to $295.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $256.30.
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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