Cape ANN Savings Bank Holds Stake in Home Depot Inc (HD)
Cape ANN Savings Bank held its position in shares of Home Depot Inc (NYSE:HD) during the second quarter, Holdings Channel reports. The firm owned 1,467 shares of the home improvement retailer’s stock at the end of the second quarter. Cape ANN Savings Bank’s holdings in Home Depot were worth $225,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. American Beacon Advisors Inc. bought a new position in Home Depot during the first quarter valued at approximately $100,000. Advantage Investment Management LLC acquired a new stake in Home Depot during the fourth quarter worth about $103,000. Riggs Asset Managment Co. Inc. increased its stake in Home Depot by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC increased its stake in Home Depot by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in Home Depot during the fourth quarter worth about $131,000. 71.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of Home Depot Inc (NYSE HD) traded down 3.2771% on Tuesday, reaching $149.2048. 7,389,955 shares of the company’s stock traded hands. The firm has a market capitalization of $178.38 billion, a P/E ratio of 22.3260 and a beta of 1.08. Home Depot Inc has a 52 week low of $119.20 and a 52 week high of $160.86. The firm’s 50 day moving average is $151.42 and its 200 day moving average is $149.89. Home Depot also saw some unusual options trading on Monday. Stock traders acquired 31,506 put options on the stock. This is an increase of 331% compared to the typical volume of 7,312 put options.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. Home Depot had a return on equity of 194.77% and a net margin of 8.43%. Home Depot’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.97 EPS. Analysts expect that Home Depot Inc will post $7.25 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on HD shares. Vetr downgraded shares of Home Depot from a “buy” rating to a “hold” rating and set a $153.61 price target on the stock. in a research note on Monday, April 24th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $158.00 price target on shares of Home Depot in a research note on Tuesday, May 2nd. Credit Suisse Group set a $163.00 price target on shares of Home Depot and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Finally, BTIG Research upped their price target on shares of Home Depot from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $165.43.
In other news, Director Wayne M. Hewett bought 350 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of $157.11 per share, with a total value of $54,988.50. Following the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $219,954. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Craig A. Menear sold 90,661 shares of Home Depot stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. Following the completion of the transaction, the chief executive officer now directly owns 240,090 shares of the company’s stock, valued at $37,643,711.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,900 shares of company stock valued at $20,167,386. 0.26% of the stock is currently owned by corporate insiders.
About 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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