Horan Capital Advisors LLC. boosted its position in Home Depot Inc (NYSE:HD) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,803 shares of the home improvement retailer’s stock after purchasing an additional 347 shares during the quarter. Home Depot makes up 1.8% of Horan Capital Advisors LLC.’s portfolio, making the stock its 19th biggest position. Horan Capital Advisors LLC.’s holdings in Home Depot were worth $2,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Paragon Wealth Strategies LLC raised its holdings in Home Depot by 0.4% in the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Home Depot by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock valued at $253,000 after acquiring an additional 7 shares in the last quarter. Silicon Valley Capital Partners increased its holdings in shares of Home Depot by 0.6% during the second quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock valued at $228,000 after acquiring an additional 9 shares in the last quarter. Mcdaniel Terry & Co. increased its holdings in shares of Home Depot by 0.5% during the second quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock valued at $257,000 after acquiring an additional 9 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. increased its holdings in shares of Home Depot by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,782 shares of the home improvement retailer’s stock valued at $580,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

Several equities analysts have recently weighed in on HD shares. Robert W. Baird set a $185.00 price target on Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Oppenheimer set a $178.00 price target on Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. Bank of America raised their price target on Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Argus raised their price target on Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, BMO Capital Markets set a $176.00 price target on Home Depot and gave the company a “buy” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Home Depot presently has a consensus rating of “Buy” and an average price target of $190.32.

Shares of Home Depot Inc (NYSE HD) opened at $191.04 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot Inc has a 12-month low of $136.33 and a 12-month high of $207.60. The company has a market capitalization of $213,826.53, a price-to-earnings ratio of 25.43, a P/E/G ratio of 1.34 and a beta of 1.08.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same period last year, the firm posted $1.60 earnings per share. Home Depot’s revenue was up 8.1% compared to the same quarter last year. research analysts predict that Home Depot Inc will post 7.38 EPS for the current fiscal year.

Home Depot declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In related news, EVP Matt Carey sold 41,396 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.26% of the company’s stock.

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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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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