Summit Asset Management LLC purchased a new stake in Home Depot Inc (NYSE:HD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,377 shares of the home improvement retailer’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobi Capital Management LLC grew its stake in Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares in the last quarter. Burt Wealth Advisors grew its stake in Home Depot by 83.5% during the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in Home Depot by 63.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares in the last quarter. Glassman Wealth Services grew its stake in Home Depot by 38.3% during the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after acquiring an additional 300 shares in the last quarter. Finally, AllSquare Wealth Management LLC purchased a new position in Home Depot during the third quarter valued at approximately $178,000. 70.51% of the stock is currently owned by institutional investors.

Home Depot Inc (NYSE HD) opened at $184.12 on Friday. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. Home Depot Inc has a 1-year low of $137.41 and a 1-year high of $207.60. The company has a market cap of $211,619.48, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 1.32 and a beta of 1.08.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. During the same period in the prior year, the business earned $1.60 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. sell-side analysts predict that Home Depot Inc will post 7.38 earnings per share for the current fiscal year.

Home Depot declared that its Board of Directors has approved a stock buyback program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the transaction, the executive vice president now directly owns 29,559 shares in the company, valued at approximately $5,410,183.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Tuesday. Jefferies Group reissued a “buy” rating and issued a $223.00 price target on shares of Home Depot in a research note on Monday, February 5th. Stifel Nicolaus boosted their price target on shares of Home Depot from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Credit Suisse Group boosted their price target on shares of Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $220.00 price target (up previously from $190.00) on shares of Home Depot in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $190.32.

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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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