The Home Depot Inc. (HD) Shares Sold by Seaward Management Limited Partnership
Seaward Management Limited Partnership decreased its stake in The Home Depot Inc. (NYSE:HD) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 263,241 shares of the home improvement retailer’s stock after selling 4,360 shares during the period. The Home Depot accounts for 1.8% of Seaward Management Limited Partnership’s holdings, making the stock its 13th largest position. Seaward Management Limited Partnership’s holdings in The Home Depot were worth $33,613,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Bank of Montreal Can purchased a new position in The Home Depot during the second quarter valued at approximately $337,042,000. Marsico Capital Management LLC raised its position in The Home Depot by 605.0% in the first quarter. Marsico Capital Management LLC now owns 1,491,833 shares of the home improvement retailer’s stock valued at $199,055,000 after buying an additional 1,280,239 shares during the period. Geode Capital Management LLC raised its position in The Home Depot by 6.1% in the first quarter. Geode Capital Management LLC now owns 10,960,092 shares of the home improvement retailer’s stock valued at $1,459,625,000 after buying an additional 630,567 shares during the period. 1832 Asset Management L.P. raised its position in The Home Depot by 43.5% in the first quarter. 1832 Asset Management L.P. now owns 1,645,719 shares of the home improvement retailer’s stock valued at $367,513,000 after buying an additional 499,166 shares during the period. Finally, Virginia Retirement System purchased a new position in The Home Depot during the first quarter valued at approximately $59,331,000. 71.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Home Depot Inc. (NYSE:HD) traded down 1.01% during midday trading on Monday, reaching $125.14. The company’s stock had a trading volume of 3,753,022 shares. The Home Depot Inc. has a 52 week low of $109.62 and a 52 week high of $139.00. The stock has a 50-day moving average price of $128.79 and a 200 day moving average price of $132.32. The stock has a market capitalization of $154.62 billion, a PE ratio of 21.18 and a beta of 0.97.
The Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, hitting the consensus estimate of $1.97. The business earned $26.47 billion during the quarter, compared to analyst estimates of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $1.71 EPS. Equities analysts forecast that The Home Depot Inc. will post $6.33 earnings per share for the current year.
Several research analysts have commented on HD shares. Nomura raised The Home Depot from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $155.00 in a research report on Thursday, June 23rd. Zacks Investment Research lowered The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. RBC Capital Markets reissued an “outperform” rating and issued a $155.00 target price (up previously from $150.00) on shares of The Home Depot in a report on Wednesday, August 17th. Citigroup Inc. boosted their target price on The Home Depot from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Finally, Vetr lowered The Home Depot from a “buy” rating to a “hold” rating and set a $135.32 target price on the stock. in a report on Monday, July 11th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The Home Depot currently has an average rating of “Buy” and a consensus target price of $146.86.
In other news, CFO Carol B. Tome sold 97,610 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total value of $13,211,513.50. Following the completion of the sale, the chief financial officer now owns 644,831 shares of the company’s stock, valued at $87,277,875.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 11,671 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $136.03, for a total value of $1,587,606.13. Following the completion of the sale, the executive vice president now directly owns 44,107 shares of the company’s stock, valued at approximately $5,999,875.21. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
About The Home Depot
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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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