Good Life Advisors LLC lifted its stake in shares of Home Depot Inc (NYSE:HD) by 11.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,587 shares of the home improvement retailer’s stock after buying an additional 477 shares during the quarter. Good Life Advisors LLC’s holdings in Home Depot were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC boosted its holdings in Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in Home Depot by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after purchasing an additional 340 shares during the period. Glassman Wealth Services boosted its holdings in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after purchasing an additional 300 shares during the period. St. Johns Investment Management Company LLC boosted its holdings in Home Depot by 81.8% in the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares during the period. Finally, Mascoma Wealth Management LLC boosted its holdings in Home Depot by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares during the period. 70.14% of the stock is owned by institutional investors and hedge funds.
Shares of Home Depot Inc (NYSE:HD) opened at $196.42 on Friday. Home Depot Inc has a one year low of $133.94 and a one year high of $199.42. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. The firm has a market cap of $229,370.00, a PE ratio of 27.24, a P/E/G ratio of 1.81 and a beta of 1.11.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. research analysts predict that Home Depot Inc will post 7.37 EPS for the current year.
Home Depot announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
In related news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now directly owns 29,559 shares in the company, valued at $5,410,183.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is owned by insiders.
A number of research firms have commented on HD. Telsey Advisory Group lifted their price objective on shares of Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Robert W. Baird reiterated an “outperform” rating and issued a $195.00 target price on shares of Home Depot in a research note on Thursday, November 30th. SunTrust Banks raised their target price on Home Depot from $167.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, December 7th. Bank of America raised their target price on Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $183.28.
Home Depot 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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