Home Depot Inc (NYSE:HD) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC lowered its stake in Home Depot Inc (NYSE:HD) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,358 shares of the home improvement retailer’s stock after selling 1,000 shares during the quarter. Home Depot comprises about 1.9% of Deltec Asset Management LLC’s portfolio, making the stock its 11th biggest holding. Deltec Asset Management LLC’s holdings in Home Depot were worth $8,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Capital Research Global Investors increased its stake in Home Depot by 28.6% during the first quarter. Capital Research Global Investors now owns 21,071,595 shares of the home improvement retailer’s stock worth $3,934,286,000 after purchasing an additional 4,690,072 shares during the period. Advisor Group Holdings Inc. purchased a new stake in Home Depot during the first quarter worth about $77,291,000. Wellington Management Group LLP increased its stake in Home Depot by 18.8% during the first quarter. Wellington Management Group LLP now owns 22,254,517 shares of the home improvement retailer’s stock worth $4,155,141,000 after purchasing an additional 3,515,402 shares during the period. Jennison Associates LLC increased its stake in Home Depot by 27.3% during the first quarter. Jennison Associates LLC now owns 5,304,289 shares of the home improvement retailer’s stock worth $990,364,000 after purchasing an additional 1,138,587 shares during the period. Finally, Swiss National Bank increased its stake in Home Depot by 21.4% during the first quarter. Swiss National Bank now owns 4,387,264 shares of the home improvement retailer’s stock worth $819,146,000 after purchasing an additional 774,600 shares during the period. 69.65% of the stock is currently owned by institutional investors.

HD stock opened at $265.49 on Friday. The company has a market capitalization of $286.42 billion, a P/E ratio of 26.39, a PEG ratio of 2.31 and a beta of 1.06. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $269.07. The business has a 50 day simple moving average of $252.21 and a 200-day simple moving average of $229.53.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.27 by ($0.19). The firm had revenue of $28.26 billion during the quarter, compared to analyst estimates of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. Home Depot’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. On average, equities research analysts expect that Home Depot Inc will post 10.09 EPS for the current fiscal year.

In related news, EVP William G. Lennie sold 17,993 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the sale, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by company insiders.

A number of analysts have issued reports on the stock. Wedbush boosted their price target on shares of Home Depot from $200.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Loop Capital upped their target price on shares of Home Depot from $235.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. CSFB upped their target price on shares of Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Telsey Advisory Group upped their target price on shares of Home Depot from $220.00 to $250.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 20th. Finally, Raymond James upped their target price on shares of Home Depot from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $256.30.

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 d├ęcor 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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