Avestar Capital LLC Cuts Stock Position in Home Depot Inc (NYSE:HD)

Avestar Capital LLC decreased its position in shares of Home Depot Inc (NYSE:HD) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,538 shares of the home improvement retailer’s stock after selling 177 shares during the period. Avestar Capital LLC’s holdings in Home Depot were worth $636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Price Wealth LLC boosted its stake in Home Depot by 138.5% in 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 in the last quarter. Selective Wealth Management Inc. raised its holdings in shares of Home Depot by 243.9% in the second quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 100 shares during the last quarter. Your Advocates Ltd. LLP acquired a new stake in shares of Home Depot during the first quarter worth $27,000. Lion Street Advisors LLC purchased a new stake in shares of Home Depot during the first quarter valued at $28,000. Finally, Evolution Wealth Advisors LLC increased its position in shares of Home Depot by 138.8% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 111 shares during the period. Institutional investors own 69.65% of the company’s stock.

A number of analysts have commented on HD shares. Barclays reaffirmed a “buy” rating and set a $260.00 price target (up previously from $235.00) on shares of Home Depot in a research report on Wednesday, May 20th. Credit Suisse Group upped their target price on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price target for the company in a research report on Monday, June 1st. Nomura Instinet upped their price objective on shares of Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Gordon Haskett lowered shares of Home Depot from an “accumulate” rating to a “hold” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $256.30.

In other news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company’s stock.

Shares of Home Depot stock opened at $265.49 on Friday. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $269.07. The firm has a market capitalization of $285.54 billion, a PE ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06. The firm’s 50-day moving average price is $252.21 and its 200 day moving average price is $229.53.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.19). Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The firm had revenue of $28.26 billion during the quarter, compared to analysts’ expectations of $27.59 billion. During the same quarter last year, the business earned $2.27 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Home Depot Inc will post 10.09 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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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