HGI Capital Management LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 56.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,150 shares of the home improvement retailer’s stock after selling 2,750 shares during the period. HGI Capital Management LLC’s holdings in The Home Depot were worth $597,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of The Home Depot by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 91,547,627 shares of the home improvement retailer’s stock valued at $22,933,597,000 after buying an additional 5,714,595 shares during the period. Nordea Investment Management AB raised its position in The Home Depot by 99.8% in the second 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. Winslow Capital Management LLC raised its position in The Home Depot by 86.0% in the second quarter. Winslow Capital Management LLC now owns 1,514,684 shares of the home improvement retailer’s stock valued at $379,444,000 after purchasing an additional 700,351 shares during the period. Jennison Associates LLC lifted its stake in shares of The Home Depot by 11.5% in the 2nd quarter. Jennison Associates LLC now owns 5,912,207 shares of the home improvement retailer’s stock valued at $1,481,067,000 after purchasing an additional 607,918 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of The Home Depot by 39.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,635,704 shares of the home improvement retailer’s stock worth $409,760,000 after purchasing an additional 466,421 shares during the period. 69.00% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Matt Carey sold 13,680 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 41,947 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $279.83, for a total transaction of $11,738,029.01. Insiders have sold 119,304 shares of company stock worth $32,088,591 in the last quarter. Insiders own 0.26% of the company’s stock.
HD stock opened at $270.74 on Tuesday. The business has a 50 day moving average price of $278.53 and a 200 day moving average price of $258.67. The stock has a market cap of $291.44 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.36 and a beta of 1.09. The Home Depot, Inc. has a fifty-two week low of $140.63 and a fifty-two week high of $292.95.
The Home Depot (NYSE:HD) last posted its earnings results 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 Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The firm had revenue of $38.05 billion for the quarter, compared to the consensus estimate of $32.13 billion. During the same period last year, the firm posted $3.17 EPS. The company’s revenue was up 23.4% on a year-over-year basis. Research analysts predict that The Home Depot, Inc. will post 11.41 EPS for the current fiscal year.
A number of research firms have commented on HD. Wells Fargo & Company upped their target price on shares of The Home Depot from $295.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. They noted that the move was a valuation call. UBS Group increased their price objective on shares of The Home Depot from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Bank of America boosted their target price on The Home Depot from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Oppenheimer lowered The Home Depot from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $320.00 to $305.00 in a research report on Friday, September 18th. Finally, Raymond James boosted their price objective on The Home Depot from $295.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The Home Depot presently has a consensus rating of “Buy” and a consensus price target of $288.13.
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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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