Sargent Investment Group LLC Buys 28 Shares of The Home Depot, Inc. (NYSE:HD)

Sargent Investment Group LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% in the third quarter, HoldingsChannel.com reports. The firm owned 7,061 shares of the home improvement retailer’s stock after purchasing an additional 28 shares during the period. Sargent Investment Group LLC’s holdings in Home Depot were worth $2,861,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp lifted its stake in shares of Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after buying an additional 135 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its stake in Home Depot by 5.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after acquiring an additional 623 shares in the last quarter. Brighton Jones LLC grew its stake in Home Depot by 1.3% in the 1st quarter. Brighton Jones LLC now owns 22,321 shares of the home improvement retailer’s stock worth $8,562,000 after acquiring an additional 286 shares in the last quarter. Great Lakes Retirement Inc. grew its stake in Home Depot by 1.3% in the 1st quarter. Great Lakes Retirement Inc. now owns 5,498 shares of the home improvement retailer’s stock worth $2,109,000 after acquiring an additional 73 shares in the last quarter. Finally, GM Advisory Group LLC boosted its stake in shares of Home Depot by 1.8% during the first quarter. GM Advisory Group LLC now owns 5,169 shares of the home improvement retailer’s stock valued at $1,983,000 after purchasing an additional 93 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE HD traded down $0.54 on Thursday, reaching $409.65. The stock had a trading volume of 571,089 shares, compared to its average volume of 3,369,642. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.33. The firm has a fifty day moving average of $397.67 and a two-hundred day moving average of $365.56. The Home Depot, Inc. has a 1-year low of $302.34 and a 1-year high of $421.56. The company has a market cap of $406.90 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 2.79 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $3.81 earnings per share. On average, equities research analysts anticipate that The Home Depot, Inc. will post 14.99 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HD shares. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Wednesday, October 2nd. Barclays raised their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. DA Davidson raised their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Sanford C. Bernstein assumed coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.