Certified Advisory Corp grew its position in shares of Home Depot Inc (NYSE:HD) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,110 shares of the home improvement retailer’s stock after purchasing an additional 125 shares during the period. Certified Advisory Corp’s holdings in Home Depot were worth $878,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Private Ocean LLC grew its holdings in shares of Home Depot by 53.3% during the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 72 shares during the last quarter. Ironwood Financial llc grew its holdings in shares of Home Depot by 39.5% during the fourth quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock valued at $49,000 after buying an additional 81 shares during the last quarter. Avondale Wealth Management grew its holdings in shares of Home Depot by 52.4% during the fourth quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock valued at $60,000 after buying an additional 120 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $61,000. Finally, Fusion Family Wealth LLC grew its holdings in shares of Home Depot by 43.6% during the fourth quarter. Fusion Family Wealth LLC now owns 405 shares of the home improvement retailer’s stock valued at $70,000 after buying an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 70.93% of the company’s stock.
A number of research firms have recently commented on HD. Telsey Advisory Group cut shares of Home Depot from an “outperform” rating to a “market perform” rating and cut their price target for the company from $205.00 to $192.00 in a report on Wednesday, February 27th. Zacks Investment Research cut shares of Home Depot from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Bank of America restated a “neutral” rating and issued a $202.00 target price on shares of Home Depot in a report on Thursday, April 11th. Credit Suisse Group set a $194.00 target price on shares of Home Depot and gave the stock a “hold” rating in a report on Tuesday, February 26th. Finally, Wells Fargo & Co raised their target price on shares of Home Depot from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Home Depot presently has an average rating of “Buy” and a consensus target price of $204.71.
In other news, EVP Ann Marie Campbell sold 5,450 shares of Home Depot stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the transaction, the executive vice president now owns 51,030 shares in the company, valued at approximately $9,423,710.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Holifield sold 12,000 shares of Home Depot stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $183.60, for a total transaction of $2,203,200.00. Following the transaction, the executive vice president now owns 39,794 shares in the company, valued at approximately $7,306,178.40. The disclosure for this sale can be found here. Insiders have sold a total of 41,194 shares of company stock worth $7,553,141 in the last quarter. Corporate insiders own 0.27% of the company’s stock.
Shares of HD stock opened at $191.76 on Thursday. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $215.43. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.11. The company has a market capitalization of $210.81 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.65 and a beta of 1.09.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.09. The company had revenue of $26.49 billion for the quarter, compared to analysts’ expectations of $26.57 billion. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $1.69 earnings per share. As a group, equities analysts predict that Home Depot Inc will post 10.08 EPS for the current year.
Home Depot declared that its Board of Directors has authorized a stock buyback program on Tuesday, February 26th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
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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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