Janney Montgomery Scott LLC increased its stake in Home Depot Inc (NYSE:HD) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 234,470 shares of the home improvement retailer’s stock after acquiring an additional 16,044 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Home Depot were worth $48,571,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Amussen Hunsaker Associates LLC acquired a new stake in Home Depot during the 2nd quarter worth $107,000. CSat Investment Advisory L.P. acquired a new stake in Home Depot during the 2nd quarter worth $112,000. Mainstay Capital Management LLC ADV boosted its stake in Home Depot by 203.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after purchasing an additional 400 shares during the last quarter. RPg Family Wealth Advisory LLC boosted its stake in Home Depot by 84.6% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after purchasing an additional 275 shares during the last quarter. Finally, Fort L.P. acquired a new stake in Home Depot during the 2nd quarter worth $120,000. 69.75% of the stock is owned by institutional investors.
HD has been the topic of several recent research reports. Deutsche Bank lowered their target price on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Citigroup lowered their price target on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. UBS Group lowered their price target on shares of Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Monday, December 31st. Finally, Credit Suisse Group set a $204.00 price target on shares of Home Depot and gave the company a “hold” rating in a research report on Tuesday, November 13th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Home Depot presently has an average rating of “Buy” and an average price target of $204.60.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 7,203 shares of the stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $177.45, for a total value of $1,278,172.35. Following the transaction, the executive vice president now directly owns 23,109 shares in the company, valued at $4,100,692.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 117,327 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the completion of the transaction, the chief executive officer now owns 264,970 shares in the company, valued at $47,805,887.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 13,750 shares of company stock worth $2,401,470 and have sold 137,987 shares worth $24,769,526. 0.25% of the stock is currently owned by corporate insiders.
NYSE:HD traded up $0.47 on Friday, reaching $184.54. 2,792,310 shares of the company’s stock were exchanged, compared to its average volume of 4,215,310. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market capitalization of $208.44 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $215.43.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm had revenue of $26.30 billion for the quarter, compared to analyst estimates of $26.23 billion. During the same period in the prior year, the firm earned $1.84 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts expect that Home Depot Inc will post 9.8 EPS for the current fiscal year.
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About Home Depot
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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