John G Ullman & Associates Inc. acquired a new stake in Home Depot Inc (NYSE:HD) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 899 shares of the home improvement retailer’s stock, valued at approximately $225,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Your Advocates Ltd. LLP purchased a new position in Home Depot during the 1st quarter worth $27,000. Lion Street Advisors LLC bought a new stake in shares of Home Depot during the 1st quarter worth $28,000. Price Wealth LLC raised its stake 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 worth $31,000 after purchasing an additional 72 shares during the period. Selective Wealth Management Inc. raised its stake 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 worth $35,000 after purchasing an additional 100 shares during the period. Finally, Cordasco Financial Network raised its stake in shares of Home Depot by 120.5% during the 1st quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock worth $46,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 69.65% of the company’s stock.
A number of equities research analysts have recently commented on HD shares. Oppenheimer started coverage on Home Depot in a research note on Friday, July 10th. They set a “buy” rating and a $274.00 target price on the stock. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price objective on the stock in a research note on Monday, June 1st. Wedbush boosted their price objective on Home Depot from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, May 20th. SunTrust Banks lowered their price objective on Home Depot from $240.00 to $220.00 and set a “hold” rating on the stock in a research note on Thursday, April 16th. Finally, Morgan Stanley boosted their price objective on Home Depot from $245.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, June 22nd. One equities 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 issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $256.30.
Shares of NYSE HD opened at $265.49 on Friday. Home Depot Inc has a 12 month low of $140.63 and a 12 month high of $269.07. The firm has a market capitalization of $286.42 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.31 and a beta of 1.06. The business has a 50-day moving average of $252.21 and a 200-day moving average of $229.53.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.27 by ($0.19). The business had revenue of $28.26 billion for the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 EPS. As a group, analysts anticipate that Home Depot Inc will post 10.09 EPS for the current year.
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 stock was 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 SEC, which can be accessed through this link. 0.26% of the stock is owned by corporate insiders.
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: Hedge Funds – Risk or Reward?
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.