Mitchell Capital Management Co. Reduces Stock Position in Home Depot Inc (NYSE:HD)

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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