Lehman & Derafelo Financial Resources LLC decreased its stake in Home Depot Inc (NYSE:HD) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,649 shares of the home improvement retailer’s stock after selling 237 shares during the period. Lehman & Derafelo Financial Resources LLC’s holdings in Home Depot were worth $914,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Your Advocates Ltd. LLP purchased a new stake in Home Depot in the first quarter valued at approximately $27,000. Lion Street Advisors LLC purchased a new stake in Home Depot during the first quarter worth approximately $28,000. Price Wealth LLC grew its stake in Home Depot by 138.5% during the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock worth $31,000 after buying an additional 72 shares during the period. Selective Wealth Management Inc. grew its stake in Home Depot by 243.9% during the second 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 during the period. Finally, Cordasco Financial Network lifted its position in shares of Home Depot by 120.5% during the first quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock worth $46,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other 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 stock was 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 in the company, valued at $12,840,668.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is currently owned by insiders.
Shares of HD stock traded down $0.82 during trading hours on Friday, reaching $265.49. The company had a trading volume of 3,640,388 shares, compared to its average volume of 2,813,202. Home Depot Inc has a 12 month low of $140.63 and a 12 month high of $269.07. The business has a fifty day simple moving average of $252.21 and a 200-day simple moving average of $229.53. The company has a market cap of $285.54 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth 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 EPS for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). The business 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 was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 earnings per share. As a group, equities research analysts predict that Home Depot Inc will post 10.09 earnings per share for the current year.
Several analysts recently issued reports on the stock. Nomura Instinet upped their price target on shares of Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Robert W. Baird upped their price target on shares of Home Depot from $215.00 to $265.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. CSFB upped their price target on shares of Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Nomura increased their target price on shares of Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, SunTrust Banks reduced their price objective on shares of Home Depot from $240.00 to $220.00 and set a “hold” rating for the company in a research report on Thursday, April 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $256.30.
Home Depot Company 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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