Allred Capital Management LLC Sells 37 Shares of Home Depot Inc (NYSE:HD)

Allred Capital Management LLC lessened its holdings in shares of Home Depot Inc (NYSE:HD) by 0.5% in the third quarter, HoldingsChannel.com reports. The firm owned 7,442 shares of the home improvement retailer’s stock after selling 37 shares during the period. Home Depot comprises 1.2% of Allred Capital Management LLC’s holdings, making the stock its 14th largest position. Allred Capital Management LLC’s holdings in Home Depot were worth $2,066,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Cedar Mountain Advisors LLC increased its stake in Home Depot by 4.5% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 934 shares of the home improvement retailer’s stock valued at $234,000 after purchasing an additional 40 shares in the last quarter. NTV Asset Management LLC increased its stake in Home Depot by 0.5% during the 2nd quarter. NTV Asset Management LLC now owns 7,634 shares of the home improvement retailer’s stock valued at $1,912,000 after purchasing an additional 40 shares in the last quarter. Birch Hill Investment Advisors LLC increased its stake in Home Depot by 0.3% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 13,155 shares of the home improvement retailer’s stock valued at $3,295,000 after purchasing an additional 40 shares in the last quarter. TCG Advisors LP increased its stake in Home Depot by 3.0% during the 2nd quarter. TCG Advisors LP now owns 1,381 shares of the home improvement retailer’s stock valued at $346,000 after purchasing an additional 40 shares in the last quarter. Finally, Alpha Windward LLC increased its stake in Home Depot by 1.4% during the 2nd quarter. Alpha Windward LLC now owns 3,060 shares of the home improvement retailer’s stock valued at $767,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.

Several analysts have recently issued reports on the stock. BNP Paribas assumed coverage on shares of Home Depot in a research note on Monday, October 5th. They issued an “outperform” rating and a $310.00 target price for the company. Raymond James upped their target price on shares of Home Depot from $295.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Wedbush boosted their price target on shares of Home Depot from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Truist Financial upped their price objective on shares of Home Depot from $240.00 to $300.00 in a report on Wednesday, August 12th. Finally, Telsey Advisory Group increased their price target on shares of Home Depot from $290.00 to $300.00 and gave the stock a “market perform” rating in a report on Wednesday, August 19th. Eight analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $288.79.

In other news, EVP Teresa Wynn Roseborough sold 41,947 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $279.83, for a total transaction of $11,738,029.01. Also, EVP Matt Carey sold 50,478 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $276.43, for a total value of $13,953,633.54. Following the sale, the executive vice president now directly owns 62,735 shares of the company’s stock, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,304 shares of company stock valued at $32,088,591. Insiders own 0.26% of the company’s stock.

Shares of NYSE HD opened at $287.66 on Friday. Home Depot Inc has a one year low of $140.63 and a one year high of $292.95. The firm’s 50 day simple moving average is $278.34 and its two-hundred day simple moving average is $251.27. The stock has a market capitalization of $309.65 billion, a P/E ratio of 26.37, a PEG ratio of 2.38 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.82. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The business had revenue of $38.05 billion for the quarter, compared to analysts’ expectations of $32.13 billion. During the same period last year, the business earned $3.17 earnings per share. The business’s quarterly revenue was up 23.4% on a year-over-year basis. Sell-side analysts forecast that Home Depot Inc will post 11.36 earnings per share for the current year.

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 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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