Home Depot, Inc. (The) (NYSE:HD) Position Decreased by Grimes & Company Inc.
Grimes & Company Inc. lowered its position in Home Depot, Inc. (The) (NYSE:HD) by 37.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,471 shares of the home improvement retailer’s stock after selling 2,635 shares during the period. Grimes & Company Inc.’s holdings in Home Depot, Inc. (The) were worth $686,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. American Beacon Advisors Inc. bought a new position in shares of Home Depot, Inc. (The) during the first quarter valued at $100,000. Advantage Investment Management LLC bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at $103,000. Riggs Asset Managment Co. Inc. raised its position in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC raised its stake in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in Home Depot, Inc. (The) during the fourth quarter valued at approximately $131,000. Institutional investors and hedge funds own 71.52% of the company’s stock.
Shares of Home Depot, Inc. (NYSE HD) traded up 0.39% during trading on Monday, hitting $153.35. 3,832,995 shares of the stock traded hands. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The company has a 50 day moving average of $152.13 and a 200-day moving average of $148.91. The company has a market cap of $183.34 billion, a PE ratio of 22.95 and a beta of 1.08.
Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 earnings per share. On average, equities analysts anticipate that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.
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HD has been the topic of several research reports. Vetr lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target on the stock. in a research report on Monday, June 19th. Barclays PLC reissued an “overweight” rating and set a $165.00 price objective (up previously from $150.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $176.00 price objective on shares of Home Depot, Inc. (The) in a research note on Friday, June 16th. Citigroup Inc. reissued a “buy” rating and set a $179.00 price objective (up previously from $168.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Finally, BTIG Research increased their price target on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. Home Depot, Inc. (The) presently has an average rating of “Buy” and a consensus target price of $164.68.
In related news, CEO Craig A. Menear sold 90,661 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the completion of the sale, the chief executive officer now owns 240,090 shares in the company, valued at $37,643,711.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William G. Lennie sold 31,239 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the sale, the executive vice president now owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,900 shares of company stock worth $20,167,386. 0.26% of the stock is owned by insiders.
Home Depot, Inc. (The) 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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