Home Depot Inc (NYSE:HD) Position Decreased by Sunburst Financial Group LLC

Sunburst Financial Group LLC decreased its holdings in shares of Home Depot Inc (NYSE:HD) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,363 shares of the home improvement retailer’s stock after selling 106 shares during the period. Home Depot comprises approximately 0.6% of Sunburst Financial Group LLC’s portfolio, making the stock its 20th biggest holding. Sunburst Financial Group LLC’s holdings in Home Depot were worth $656,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HD. Price Wealth LLC boosted its position in shares of Home Depot by 138.5% during the 2nd quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after purchasing an additional 72 shares in the last quarter. Selective Wealth Management Inc. boosted its position in shares of Home Depot by 243.9% during the 2nd quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Evolution Wealth Advisors LLC boosted its position in shares of Home Depot by 138.8% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 111 shares in the last quarter. NuWave Investment Management LLC bought a new position in shares of Home Depot during the 2nd quarter valued at about $57,000. Finally, Your Advocates Ltd. LLP boosted its holdings in shares of Home Depot by 51.4% in the second quarter. Your Advocates Ltd. LLP now owns 221 shares of the home improvement retailer’s stock worth $57,000 after buying an additional 75 shares during the period. Institutional investors own 69.00% of the company’s stock.

In related news, EVP Teresa Wynn Roseborough sold 41,947 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $279.83, for a total transaction of $11,738,029.01. Also, EVP Matt Carey sold 50,478 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the transaction, the executive vice president now directly owns 62,735 shares in the company, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. In the last three months, insiders sold 119,304 shares of company stock worth $32,088,591. Insiders own 0.26% of the company’s stock.

Several research analysts have commented on the stock. Exane BNP Paribas assumed coverage on shares of Home Depot in a report on Monday, October 5th. They issued an “outperform” rating and a $310.00 target price for the company. Credit Suisse Group reiterated a “buy” rating and issued a $300.00 target price on shares of Home Depot in a report on Monday, August 17th. DA Davidson assumed coverage on shares of Home Depot in a report on Friday, August 14th. They issued a “neutral” rating and a $290.00 target price for the company. They noted that the move was a valuation call. Robert W. Baird raised their target price on shares of Home Depot from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Finally, Truist Financial raised their target price on shares of Home Depot from $240.00 to $300.00 in a report on Wednesday, August 12th. Eight analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $288.79.

NYSE:HD opened at $287.66 on Friday. Home Depot Inc has a 12 month low of $140.63 and a 12 month high of $292.95. The firm has a market cap of $309.65 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.38 and a beta of 1.09. The company’s 50 day moving average is $278.34 and its 200-day moving average is $251.27.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 EPS for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.82. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The company had revenue of $38.05 billion for the quarter, compared to analyst estimates of $32.13 billion. During the same quarter last year, the firm posted $3.17 earnings per share. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, research analysts expect that Home Depot Inc will post 11.36 EPS for the current fiscal year.

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.

Read More: Net Margin

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

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