Triton Wealth Management PLLC acquired a new position in shares of Home Depot Inc (NYSE:HD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 852 shares of the home improvement retailer’s stock, valued at approximately $227,000.
Several other institutional investors have also recently added to or reduced their stakes in HD. Guggenheim Capital LLC grew its stake in Home Depot by 8.7% in the 4th quarter. Guggenheim Capital LLC now owns 195,580 shares of the home improvement retailer’s stock valued at $42,710,000 after buying an additional 15,734 shares during the last quarter. Franklin Resources Inc. grew its stake in Home Depot by 1.4% in the 4th quarter. Franklin Resources Inc. now owns 493,571 shares of the home improvement retailer’s stock valued at $107,786,000 after buying an additional 7,022 shares during the last quarter. Macquarie Group Ltd. grew its stake in Home Depot by 25.8% in the 4th quarter. Macquarie Group Ltd. now owns 239,852 shares of the home improvement retailer’s stock valued at $52,379,000 after buying an additional 49,177 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in Home Depot by 17.7% in the 1st quarter. Foundations Investment Advisors LLC now owns 3,298 shares of the home improvement retailer’s stock valued at $589,000 after purchasing an additional 495 shares during the period. Finally, Independent Investors Inc. boosted its holdings in Home Depot by 1.0% in the 1st quarter. Independent Investors Inc. now owns 9,198 shares of the home improvement retailer’s stock valued at $1,717,000 after purchasing an additional 95 shares during the period. Institutional investors own 69.65% of the company’s stock.
Shares of NYSE 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 50 day moving average price of $252.21 and a two-hundred day moving average price of $229.53. The stock 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.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 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 company posted $2.27 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. On average, analysts expect that Home Depot Inc will post 10.09 EPS for the current year.
In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 54,405 shares in the company, valued at approximately $12,840,668.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.
HD has been the subject of a number of recent research reports. Gordon Haskett downgraded shares of Home Depot from an “accumulate” rating to a “hold” rating in a report on Wednesday, April 22nd. Barclays reissued a “buy” rating and issued a $260.00 price objective (up previously from $235.00) on shares of Home Depot in a report on Wednesday, May 20th. Stifel Nicolaus boosted their price objective on shares of Home Depot from $260.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Robert W. Baird boosted their price objective on shares of Home Depot from $215.00 to $265.00 and gave the company an “outperform” rating in a report on Monday, May 18th. Finally, Morgan Stanley boosted their price objective on shares of Home Depot from $245.00 to $260.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus 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.
Read More: Debt-To-Equity Ratio
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.