Silversage Advisors Takes Position in Home Depot Inc (NYSE:HD)

Silversage Advisors purchased a new stake in Home Depot Inc (NYSE:HD) in the 2nd quarter, Holdings Channel reports. The firm purchased 964 shares of the home improvement retailer’s stock, valued at approximately $225,000.

Other hedge funds have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC lifted its position in Home Depot by 4.5% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 934 shares of the home improvement retailer’s stock valued at $234,000 after acquiring an additional 40 shares in the last quarter. Alpha Windward LLC lifted its position in Home Depot by 1.4% in the 2nd quarter. Alpha Windward LLC now owns 3,060 shares of the home improvement retailer’s stock valued at $767,000 after acquiring an additional 41 shares in the last quarter. Iron Financial LLC lifted its position in Home Depot by 2.9% in the 2nd quarter. Iron Financial LLC now owns 1,449 shares of the home improvement retailer’s stock valued at $363,000 after acquiring an additional 41 shares in the last quarter. Tranquility Partners LLC lifted its position in Home Depot by 1.3% in the 2nd quarter. Tranquility Partners LLC now owns 3,297 shares of the home improvement retailer’s stock valued at $826,000 after acquiring an additional 41 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its position in Home Depot by 15.2% in the 1st quarter. Bay Harbor Wealth Management LLC now owns 318 shares of the home improvement retailer’s stock valued at $59,000 after acquiring an additional 42 shares in the last quarter. 69.65% of the stock is owned by institutional investors.

In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 54,405 shares in the company, valued at approximately $12,840,668.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Shares of HD opened at $265.49 on Friday. Home Depot Inc has a 52 week low of $140.63 and a 52 week high of $269.07. The firm has a market cap of $285.54 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The firm’s 50-day simple moving average is $252.21 and its 200 day simple moving average is $229.53.

Home Depot (NYSE:HD) last announced 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). Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The company had revenue of $28.26 billion during the quarter, compared to analyst estimates of $27.59 billion. During the same quarter last year, the company posted $2.27 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts anticipate that Home Depot Inc will post 10.09 earnings per share for the current year.

Several equities research analysts recently commented on HD shares. Bank of America boosted their price objective on shares of Home Depot from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Barclays reissued a “buy” rating and set a $260.00 price target (up from $235.00) on shares of Home Depot in a research report on Wednesday, May 20th. Telsey Advisory Group boosted their price target on shares of Home Depot from $220.00 to $250.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 20th. CSFB boosted 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. Finally, Loop Capital boosted their price target on shares of Home Depot from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock 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 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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