BRC Investment Management LLC lowered its position in The Home Depot Inc. (NYSE:HD) by 9.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,902 shares of the home improvement retailer’s stock after selling 8,968 shares during the period. The Home Depot accounts for about 1.8% of BRC Investment Management LLC’s holdings, making the stock its 14th largest position. BRC Investment Management LLC’s holdings in The Home Depot were worth $10,586,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Piershale Financial Group Inc. boosted its position in The Home Depot by 0.5% in the second quarter. Piershale Financial Group Inc. now owns 2,258 shares of the home improvement retailer’s stock worth $288,000 after buying an additional 12 shares during the last quarter. Boothbay Fund Management LLC boosted its position in The Home Depot by 0.6% in the first quarter. Boothbay Fund Management LLC now owns 2,363 shares of the home improvement retailer’s stock worth $315,000 after buying an additional 14 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in The Home Depot by 0.5% in the second quarter. Beese Fulmer Investment Management Inc. now owns 3,676 shares of the home improvement retailer’s stock worth $469,000 after buying an additional 19 shares during the last quarter. Alexandria Capital LLC boosted its position in The Home Depot by 1.8% in the second quarter. Alexandria Capital LLC now owns 1,250 shares of the home improvement retailer’s stock worth $160,000 after buying an additional 22 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its position in The Home Depot by 0.8% in the second quarter. Ausdal Financial Partners Inc. now owns 2,981 shares of the home improvement retailer’s stock worth $381,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 71.86% of the company’s stock.

Shares of The Home Depot Inc. (NYSE:HD) traded up 1.01% during mid-day trading on Wednesday, reaching $128.11. 5,350,554 shares of the company’s stock were exchanged. The Home Depot Inc. has a one year low of $109.62 and a one year high of $139.00. The company has a 50 day moving average price of $133.44 and a 200-day moving average price of $132.66. The stock has a market cap of $158.29 billion, a PE ratio of 21.68 and a beta of 0.91.

The Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The firm earned $26.47 billion during the quarter, compared to the consensus estimate of $26.47 billion. During the same period last year, the firm earned $1.71 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that The Home Depot Inc. will post $6.33 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.15%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s payout ratio is 46.54%.

A number of equities analysts recently commented on the company. Deutsche Bank AG reiterated a “buy” rating and set a $143.00 price target on shares of The Home Depot in a report on Friday, June 17th. Argus lifted their price target on The Home Depot from $150.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Royal Bank Of Canada lifted their price target on The Home Depot from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. Jefferies Group reiterated a “buy” rating and set a $156.00 price target on shares of The Home Depot in a report on Wednesday, June 15th. Finally, Vetr cut The Home Depot from a “buy” rating to a “hold” rating and set a $135.32 price objective for the company. in a report on Monday, July 11th. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The Home Depot presently has a consensus rating of “Buy” and a consensus price target of $147.36.

In other news, EVP Matt Carey sold 29,357 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the sale, the executive vice president now owns 88,872 shares in the company, valued at approximately $12,109,698.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy M. Crow sold 49,392 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the sale, the executive vice president now owns 224,905 shares in the company, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

About The Home Depot

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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