Gradient Investments LLC Decreases Position in Home Depot Inc (HD)
Gradient Investments LLC reduced its stake in shares of Home Depot Inc (NYSE:HD) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,080 shares of the home improvement retailer’s stock after selling 165 shares during the period. Gradient Investments LLC’s holdings in Home Depot were worth $7,069,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in HD. Aristotle Capital Management LLC increased its position in shares of Home Depot by 2.0% in the fourth quarter. Aristotle Capital Management LLC now owns 2,203,270 shares of the home improvement retailer’s stock worth $295,415,000 after buying an additional 42,770 shares in the last quarter. Norges Bank bought a new position in shares of Home Depot during the fourth quarter worth approximately $1,502,692,000. Sowell Financial Services LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $1,608,000. SNS Financial Group LLC increased its position in shares of Home Depot by 5.8% in the fourth quarter. SNS Financial Group LLC now owns 19,079 shares of the home improvement retailer’s stock worth $2,558,000 after buying an additional 1,053 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of Home Depot during the fourth quarter worth approximately $386,000. 71.27% of the stock is owned by institutional investors.
Shares of Home Depot Inc (HD) traded down 3.27% during mid-day trading on Tuesday, reaching $149.22. The company’s stock had a trading volume of 7,389,555 shares. Home Depot Inc has a 12 month low of $119.20 and a 12 month high of $160.86. The company has a 50 day moving average of $151.41 and a 200-day moving average of $149.89. The firm has a market capitalization of $178.40 billion, a P/E ratio of 22.33 and a beta of 1.08. Home Depot also was the recipient of unusually large options trading on Monday. Traders purchased 31,506 put options on the stock. This is an increase of approximately 331% compared to the typical daily volume of 7,312 put options.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.04. Home Depot had a return on equity of 194.77% and a net margin of 8.43%. The firm had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. During the same quarter in the prior year, the business earned $1.97 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Home Depot Inc will post $7.25 EPS for the current year.
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A number of equities analysts have recently commented on the company. Vetr downgraded Home Depot from a “buy” rating to a “hold” rating and set a $164.09 price objective for the company. in a research report on Monday, June 19th. Robert W. Baird set a $175.00 target price on Home Depot and gave the stock a “buy” rating in a research note on Wednesday, May 17th. BMO Capital Markets set a $176.00 target price on Home Depot and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Stifel Nicolaus restated a “buy” rating and set a $178.00 price target (up previously from $165.00) on shares of Home Depot in a research note on Wednesday, May 17th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $175.00 price target (up previously from $154.00) on shares of Home Depot in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $165.43.
In other Home Depot news, EVP William G. Lennie sold 31,239 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the transaction, the executive vice president now owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total value of $1,095,920.00. Following the transaction, the executive vice president now directly owns 54,091 shares in the company, valued at approximately $8,468,486.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,900 shares of company stock worth $20,167,386. Company insiders own 0.26% of the company’s stock.
Home Depot Company Profile
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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