Magnus Financial Group LLC Boosts Stock Position in Home Depot Inc (NYSE:HD)
Magnus Financial Group LLC raised its position in shares of Home Depot Inc (NYSE:HD) by 1.7% during the 2nd quarter, Holdings Channel reports. The firm owned 3,824 shares of the home improvement retailer’s stock after buying an additional 64 shares during the quarter. Magnus Financial Group LLC’s holdings in Home Depot were worth $795,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of HD. Oregon Public Employees Retirement Fund lifted its holdings in shares of Home Depot by 8,331.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock valued at $125,000 after buying an additional 21,212,570 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Home Depot by 2.2% in the 1st quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock valued at $1,381,583,000 after buying an additional 158,174 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Home Depot by 2.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,536,321 shares of the home improvement retailer’s stock valued at $1,151,422,000 after buying an additional 127,532 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Home Depot by 2.9% in the 2nd quarter. Fisher Asset Management LLC now owns 4,854,657 shares of the home improvement retailer’s stock valued at $1,009,623,000 after buying an additional 138,011 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its holdings in shares of Home Depot by 21,191.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock valued at $353,410,000 after buying an additional 3,517,498 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.
In other Home Depot news, CFO Carol B. Tome sold 26,334 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $189.17, for a total transaction of $4,981,602.78. Following the completion of the sale, the chief financial officer now directly owns 519,253 shares in the company, valued at approximately $98,227,090.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Matt Carey sold 34,688 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the sale, the executive vice president now owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,522 shares of company stock valued at $16,156,831. 0.27% of the stock is owned by company insiders.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company had revenue of $26.38 billion during the quarter, compared to analyst estimates of $26.34 billion. During the same period in the previous year, the business earned $2.08 EPS. Home Depot’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Home Depot Inc will post 10.1 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on HD shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $192.00 price target on shares of Home Depot in a report on Wednesday, May 1st. Goldman Sachs Group started coverage on Home Depot in a report on Thursday, July 11th. They issued a “buy” rating and a $235.00 price target for the company. Wells Fargo & Co upped their price target on Home Depot from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Gabelli cut Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. They noted that the move was a valuation call. Finally, Credit Suisse Group set a $192.00 price target on Home Depot and gave the stock a “neutral” rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Home Depot has a consensus rating of “Buy” and a consensus target price of $210.12.
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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