Mitchell Capital Management Co. trimmed its position in shares of Home Depot Inc (NYSE:HD) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,118 shares of the home improvement retailer’s stock after selling 137 shares during the period. Home Depot makes up approximately 1.5% of Mitchell Capital Management Co.’s holdings, making the stock its 10th largest holding. Mitchell Capital Management Co.’s holdings in Home Depot were worth $4,789,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Capital Research Global Investors increased its stake in Home Depot by 28.6% during 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 period. Advisor Group Holdings Inc. bought a new position in Home Depot during the first quarter valued at about $77,291,000. Wellington Management Group LLP grew its stake 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 purchasing an additional 3,515,402 shares during the period. Jennison Associates LLC grew its stake in shares of Home Depot by 27.3% in the 1st quarter. Jennison Associates LLC now owns 5,304,289 shares of the home improvement retailer’s stock valued at $990,364,000 after purchasing an additional 1,138,587 shares during the period. Finally, Swiss National Bank grew its stake in shares of Home Depot by 21.4% in the 1st quarter. Swiss National Bank now owns 4,387,264 shares of the home improvement retailer’s stock valued at $819,146,000 after purchasing an additional 774,600 shares during the period. Hedge funds and other institutional investors own 69.65% of the company’s stock.
HD has been the topic of several analyst reports. CSFB upped their price objective on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. UBS Group upped their price objective on Home Depot from $265.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Loop Capital boosted their target price on Home Depot from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Barclays reiterated a “buy” rating and issued a $260.00 price objective (up previously from $235.00) on shares of Home Depot in a research note on Wednesday, May 20th. Finally, Royal Bank of Canada lifted their price objective on shares of Home Depot from $261.00 to $266.00 in a research note on Wednesday, May 20th. One research 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 has an average rating of “Buy” and a consensus price target of $256.30.
In other news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.
NYSE:HD opened at $265.49 on Friday. The company has a market cap of $285.54 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06. The stock’s fifty day moving average price is $252.21 and its two-hundred day moving average price is $229.53. Home Depot Inc has a 1 year low of $140.63 and a 1 year high of $269.07.
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 consensus estimate of $2.27 by ($0.19). The company had revenue of $28.26 billion for the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 EPS. Equities analysts forecast that Home Depot Inc will post 10.09 earnings per share for the current year.
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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