3,766 Shares in The Home Depot, Inc. (NYSE:HD) Acquired by X Square Capital LLC

X Square Capital LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,766 shares of the home improvement retailer’s stock, valued at approximately $1,046,000.

Other large investors have also recently added to or reduced their stakes in the company. Armbruster Capital Management Inc. grew its stake in The Home Depot by 6.6% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,386 shares of the home improvement retailer’s stock worth $347,000 after buying an additional 86 shares during the last quarter. Bruderman Asset Management LLC lifted its position in The Home Depot by 8.5% during the 2nd quarter. Bruderman Asset Management LLC now owns 28,186 shares of the home improvement retailer’s stock worth $6,994,000 after acquiring an additional 2,206 shares during the period. Fiduciary Planning LLC lifted its position in The Home Depot by 10.8% during the 2nd quarter. Fiduciary Planning LLC now owns 5,660 shares of the home improvement retailer’s stock worth $1,503,000 after acquiring an additional 552 shares during the period. Hardy Reed LLC lifted its position in The Home Depot by 7.0% during the 3rd quarter. Hardy Reed LLC now owns 3,991 shares of the home improvement retailer’s stock worth $1,108,000 after acquiring an additional 260 shares during the period. Finally, Americana Partners LLC lifted its position in The Home Depot by 21.0% during the 3rd quarter. Americana Partners LLC now owns 2,251 shares of the home improvement retailer’s stock worth $625,000 after acquiring an additional 391 shares during the period. Hedge funds and other institutional investors own 69.00% of the company’s stock.

A number of analysts have weighed in on the company. Barclays increased their price objective on The Home Depot from $260.00 to $315.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group increased their price objective on The Home Depot from $265.00 to $301.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. BNP Paribas assumed coverage on The Home Depot in a research report on Monday, October 5th. They set an “outperform” rating and a $310.00 price objective for the company. Jefferies Financial Group increased their price objective on The Home Depot from $306.00 to $332.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, Morgan Stanley increased their price objective on The Home Depot from $295.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Eight investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The Home Depot presently has an average rating of “Buy” and an average price target of $288.13.

In related news, EVP Matt Carey sold 13,680 shares of The Home Depot stock in a transaction on 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 legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 41,947 shares of The Home Depot stock in a transaction on Friday, August 21st. The shares were sold at an average price of $279.83, for a total value of $11,738,029.01. Insiders sold 119,304 shares of company stock worth $32,088,591 in the last quarter. 0.26% of the stock is owned by insiders.

Shares of NYSE:HD opened at $284.24 on Friday. The company has a market cap of $305.97 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.05 and a beta of 1.11. The Home Depot, Inc. has a 52 week low of $140.63 and a 52 week high of $292.95. The business has a fifty day simple moving average of $278.38 and a 200-day simple moving average of $260.17.

The Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 EPS for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.82. The business had revenue of $38.05 billion during the quarter, compared to the consensus estimate of $32.13 billion. The Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.17 earnings per share. Research analysts forecast that The Home Depot, Inc. will post 11.43 earnings per share for the current year.

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

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