First National Bank Sioux Falls decreased its position in Home Depot Inc (NYSE:HD) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,179 shares of the home improvement retailer’s stock after selling 80 shares during the quarter. First National Bank Sioux Falls’ holdings in Home Depot were worth $327,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ boosted its holdings in Home Depot by 1.3% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 326,905 shares of the home improvement retailer’s stock worth $61,036,000 after purchasing an additional 4,303 shares in the last quarter. Morgan Stanley lifted its position in shares of Home Depot by 2.4% in the first quarter. Morgan Stanley now owns 9,255,927 shares of the home improvement retailer’s stock worth $1,728,173,000 after buying an additional 216,078 shares during the last quarter. Guardian Capital LP lifted its position in shares of Home Depot by 3.8% in the first quarter. Guardian Capital LP now owns 55,925 shares of the home improvement retailer’s stock worth $10,442,000 after buying an additional 2,028 shares during the last quarter. Aspen Investment Management Inc boosted its stake in shares of Home Depot by 3.8% during the 1st quarter. Aspen Investment Management Inc now owns 7,576 shares of the home improvement retailer’s stock worth $1,415,000 after acquiring an additional 280 shares in the last quarter. Finally, Full Sail Capital LLC increased its holdings in shares of Home Depot by 51.9% during the 1st quarter. Full Sail Capital LLC now owns 6,780 shares of the home improvement retailer’s stock valued at $1,589,000 after acquiring an additional 2,318 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.
In other news, EVP William G. Lennie sold 13,199 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $283.22, for a total value of $3,738,220.78. Following the completion of the sale, the executive vice president now directly owns 49,736 shares in the company, valued at $14,086,229.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 41,947 shares of Home Depot stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $279.83, for a total value of $11,738,029.01. Insiders sold 119,304 shares of company stock valued at $32,088,591 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.
Home Depot stock opened at $287.66 on Friday. The firm has a market capitalization of $309.65 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.38 and a beta of 1.09. The stock has a fifty day moving average price of $278.34 and a two-hundred day moving average price of $251.27. Home Depot Inc has a 52-week low of $140.63 and a 52-week high of $292.95.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.82. The firm had revenue of $38.05 billion during the quarter, compared to the consensus estimate of $32.13 billion. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period last year, the firm posted $3.17 EPS. On average, sell-side analysts forecast that Home Depot Inc will post 11.36 EPS for the current fiscal year.
Several equities analysts have commented on the company. Wedbush increased their price target on Home Depot from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. BNP Paribas started 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 on the stock. Bank of America raised shares of Home Depot from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $290.00 to $330.00 in a research report on Wednesday, August 19th. Jefferies Financial Group raised their price target on Home Depot from $306.00 to $332.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, Robert W. Baird lifted their price objective on Home Depot from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $288.79.
Home Depot 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.
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