Home Depot Inc (NYSE:HD) Shares Acquired by Epstein & White Financial LLC
Epstein & White Financial LLC boosted its holdings in Home Depot Inc (NYSE:HD) by 18.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,124 shares of the home improvement retailer’s stock after purchasing an additional 325 shares during the quarter. Home Depot makes up about 0.2% of Epstein & White Financial LLC’s investment portfolio, making the stock its 27th largest holding. Epstein & White Financial LLC’s holdings in Home Depot were worth $592,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in HD. Vanguard Group Inc. boosted its stake in Home Depot by 6.7% in the second quarter. Vanguard Group Inc. now owns 91,547,627 shares of the home improvement retailer’s stock valued at $22,933,597,000 after acquiring an additional 5,714,595 shares during the period. Capital Research Global Investors raised its position in shares of Home Depot by 28.6% during the 1st quarter. Capital Research Global Investors now owns 21,071,595 shares of the home improvement retailer’s stock worth $3,934,286,000 after purchasing an additional 4,690,072 shares during the period. Advisor Group Holdings Inc. bought a new stake in shares of Home Depot in the 1st quarter worth approximately $77,291,000. Nordea Investment Management AB boosted its position in Home Depot by 99.8% during the 2nd quarter. Nordea Investment Management AB now owns 3,158,138 shares of the home improvement retailer’s stock valued at $780,250,000 after purchasing an additional 1,577,704 shares during the period. Finally, Winslow Capital Management LLC grew its stake in Home Depot by 86.0% during the 2nd quarter. Winslow Capital Management LLC now owns 1,514,684 shares of the home improvement retailer’s stock worth $379,444,000 after buying an additional 700,351 shares during the last quarter. 69.00% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the stock. Gordon Haskett upgraded shares of Home Depot from a “hold” rating to an “accumulate” rating and set a $306.00 price target for the company in a research report on Wednesday, August 12th. Wedbush upped their target price on shares of Home Depot from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. UBS Group lifted their price target on Home Depot from $300.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Truist Financial increased their price objective on Home Depot from $240.00 to $300.00 in a report on Wednesday, August 12th. Finally, Robert W. Baird raised their target price on Home Depot from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Home Depot has an average rating of “Buy” and a consensus target price of $288.79.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $32.13 billion. During the same quarter in the previous year, the business earned $3.17 earnings per share. The firm’s revenue was up 23.4% compared to the same quarter last year. As a group, analysts forecast that Home Depot Inc will post 11.36 EPS for the current year.
In other news, EVP Matt Carey sold 13,680 shares of the company’s stock in a transaction dated Sunday, August 16th. The stock was sold at an average price of $194.35, for a total value of $2,658,708.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William G. Lennie sold 13,199 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $283.22, for a total transaction of $3,738,220.78. Following the completion of the sale, the executive vice president now directly owns 49,736 shares of the company’s stock, valued at $14,086,229.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,304 shares of company stock worth $32,088,591. Company insiders own 0.26% of the company’s stock.
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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