SG Americas Securities LLC Cuts Position in Home Depot Inc (NYSE:HD)

SG Americas Securities LLC lessened its holdings in Home Depot Inc (NYSE:HD) by 86.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,841 shares of the home improvement retailer’s stock after selling 305,607 shares during the period. SG Americas Securities LLC’s holdings in Home Depot were worth $11,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Haverford Trust Co. boosted its holdings in shares of Home Depot by 48.3% during the 2nd quarter. Haverford Trust Co. now owns 85,280 shares of the home improvement retailer’s stock worth $17,736,000 after purchasing an additional 27,760 shares during the last quarter. Carroll Financial Associates Inc. boosted its holdings in shares of Home Depot by 2.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 10,769 shares of the home improvement retailer’s stock worth $2,239,000 after purchasing an additional 216 shares during the last quarter. Berkeley Capital Partners LLC boosted its holdings in shares of Home Depot by 22.0% during the 2nd quarter. Berkeley Capital Partners LLC now owns 5,521 shares of the home improvement retailer’s stock worth $1,148,000 after purchasing an additional 996 shares during the last quarter. BB&T Securities LLC boosted its holdings in shares of Home Depot by 3.8% during the 2nd quarter. BB&T Securities LLC now owns 257,070 shares of the home improvement retailer’s stock worth $53,462,000 after purchasing an additional 9,329 shares during the last quarter. Finally, Hilltop Holdings Inc. boosted its holdings in shares of Home Depot by 36.7% during the 2nd quarter. Hilltop Holdings Inc. now owns 8,203 shares of the home improvement retailer’s stock worth $1,706,000 after purchasing an additional 2,204 shares during the last quarter. Hedge funds and other institutional investors own 70.02% of the company’s stock.

HD has been the topic of several recent research reports. Oppenheimer boosted their target price on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. 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. Royal Bank of Canada boosted their target price on Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Credit Suisse Group boosted their target price on Home Depot from $213.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, SunTrust Banks restated a “hold” rating and set a $208.00 target price on shares of Home Depot in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $229.77.

HD traded down $0.10 during trading hours on Friday, reaching $232.84. The company’s stock had a trading volume of 2,038,410 shares, compared to its average volume of 2,590,316. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $238.99. The stock has a market cap of $254.29 billion, a PE ratio of 23.54, a P/E/G ratio of 2.31 and a beta of 1.04. The business’s 50-day moving average is $232.23 and its 200-day moving average is $214.66.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The firm had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. During the same period in the prior year, the firm posted $3.05 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.

In other Home Depot news, EVP William G. Lennie sold 9,200 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total value of $2,024,460.00. Following the sale, the executive vice president now owns 84,123 shares of the company’s stock, valued at $18,511,266.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total value of $5,203,552.20. Following the completion of the sale, the executive vice president now directly owns 87,343 shares in the company, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. In the last three months, insiders sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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