Stelac Advisory Services LLC trimmed its stake in Home Depot Inc (NYSE:HD) by 9.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,028 shares of the home improvement retailer’s stock after selling 203 shares during the period. Stelac Advisory Services LLC’s holdings in Home Depot were worth $508,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HD. Guggenheim Capital LLC grew its position in Home Depot by 8.7% in the 4th quarter. Guggenheim Capital LLC now owns 195,580 shares of the home improvement retailer’s stock worth $42,710,000 after purchasing an additional 15,734 shares during the last quarter. Franklin Resources Inc. grew its position in Home Depot by 1.4% in the 4th quarter. Franklin Resources Inc. now owns 493,571 shares of the home improvement retailer’s stock worth $107,786,000 after purchasing an additional 7,022 shares during the last quarter. Macquarie Group Ltd. grew its position in Home Depot by 25.8% in the 4th quarter. Macquarie Group Ltd. now owns 239,852 shares of the home improvement retailer’s stock worth $52,379,000 after purchasing an additional 49,177 shares during the last quarter. Stillwater Investment Management LLC boosted its position in shares of Home Depot by 13.0% during the 1st quarter. Stillwater Investment Management LLC now owns 1,742 shares of the home improvement retailer’s stock valued at $325,000 after acquiring an additional 200 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Home Depot by 4.9% during the 1st quarter. Fulton Bank N.A. now owns 19,428 shares of the home improvement retailer’s stock valued at $3,628,000 after acquiring an additional 903 shares in the last quarter. Institutional investors own 69.65% of the company’s stock.
In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total value of $4,246,707.86. Following the completion of the sale, the executive vice president now owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.
HD opened at $265.49 on Friday. The company has a market cap of $286.42 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The firm has a 50 day simple moving average of $252.21 and a 200 day simple moving average of $229.53. Home Depot Inc has a fifty-two week low of $140.63 and a fifty-two week high of $269.07.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). The business had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. As a group, equities analysts anticipate that Home Depot Inc will post 10.09 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on HD. Barclays reiterated a “buy” rating and set a $260.00 target price (up from $235.00) on shares of Home Depot in a research report on Wednesday, May 20th. Wedbush lifted their target price on shares of Home Depot from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, May 20th. UBS Group lifted their target price on shares of Home Depot from $265.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Piper Sandler lifted their target price on shares of Home Depot from $231.00 to $236.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their target price on shares of Home Depot from $245.00 to $260.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. One investment 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 assigned a strong buy rating to the company. Home Depot currently has an average rating of “Buy” and an average target price of $256.30.
About Home Depot
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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