The Home Depot, Inc. (NYSE:HD) Position Increased by Planning Capital Management Corp

Planning Capital Management Corp raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 793 shares of the home improvement retailer’s stock after buying an additional 40 shares during the quarter. Planning Capital Management Corp’s holdings in Home Depot were worth $321,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after purchasing an additional 8,762,735 shares in the last quarter. Wulff Hansen & CO. lifted its position in shares of Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock worth $509,081,000 after purchasing an additional 1,474,459 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after purchasing an additional 971,833 shares in the last quarter. Swedbank AB purchased a new stake in shares of Home Depot in the first quarter worth approximately $301,364,000. Finally, Sarasin & Partners LLP lifted its position in shares of Home Depot by 95.2% in the second quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer’s stock worth $392,411,000 after purchasing an additional 556,053 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 1.8 %

Shares of Home Depot stock opened at $410.39 on Thursday. The firm has a market capitalization of $407.64 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.79 and a beta of 1.01. 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 company’s fifty day moving average price is $397.67 and its two-hundred day moving average price is $365.56. The Home Depot, Inc. has a 52-week low of $300.14 and a 52-week high of $421.56.

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

Analyst Ratings Changes

A number of equities analysts recently commented on HD shares. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Wednesday, October 2nd. Guggenheim increased their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Truist Financial increased their price objective on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday. Finally, Barclays increased their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

About Home Depot

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.