Home Depot Inc (NYSE:HD) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its holdings in shares of Home Depot Inc (NYSE:HD) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 920,809 shares of the home improvement retailer’s stock after selling 2,950 shares during the period. Home Depot comprises 1.3% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 12th largest holding. Public Employees Retirement Association of Colorado’s holdings in Home Depot were worth $213,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Community Trust & Investment Co. increased its position in Home Depot by 1.6% during the third quarter. Community Trust & Investment Co. now owns 2,736 shares of the home improvement retailer’s stock worth $635,000 after purchasing an additional 43 shares during the last quarter. First American Trust FSB increased its position in Home Depot by 2.1% during the third quarter. First American Trust FSB now owns 2,186 shares of the home improvement retailer’s stock worth $508,000 after purchasing an additional 45 shares during the last quarter. Smith Salley & Associates increased its position in Home Depot by 2.8% during the third quarter. Smith Salley & Associates now owns 1,717 shares of the home improvement retailer’s stock worth $398,000 after purchasing an additional 47 shares during the last quarter. Empirical Finance LLC increased its position in Home Depot by 1.7% during the third quarter. Empirical Finance LLC now owns 2,814 shares of the home improvement retailer’s stock worth $653,000 after purchasing an additional 47 shares during the last quarter. Finally, Lindbrook Capital LLC increased its position in Home Depot by 1.6% during the second quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock worth $635,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 70.02% of the company’s stock.

Several equities analysts recently commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of Home Depot in a research report on Wednesday, August 21st. Robert W. Baird upped their price target on shares of Home Depot from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Morgan Stanley upped their price target on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Guggenheim lowered shares of Home Depot from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 17th. Finally, Wedbush reaffirmed a “neutral” rating and set a $230.00 price target (up previously from $190.00) on shares of Home Depot in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $229.77.

HD traded down $0.10 during trading on Friday, hitting $232.84. 2,038,410 shares of the company’s stock were exchanged, compared to its average volume of 2,590,316. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $238.99. The stock has a 50 day moving average price of $232.23 and a 200 day moving average price of $214.66. The firm has a market cap of $254.29 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04.

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

In other news, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total value of $2,024,460.00. Following the completion of the transaction, the executive vice president now directly owns 84,123 shares in the company, valued at $18,511,266.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Carol B. Tome sold 145,400 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the completion of the transaction, the chief financial officer now owns 496,374 shares of the company’s stock, valued at $108,725,760.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 177,508 shares of company stock valued at $39,076,428. 0.27% of the stock is owned by insiders.

Home Depot Company 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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