Blue Granite Capital LLC cut its stake in Home Depot Inc (NYSE:HD) by 30.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,995 shares of the home improvement retailer’s stock after selling 6,215 shares during the quarter. Home Depot comprises about 1.6% of Blue Granite Capital LLC’s portfolio, making the stock its 17th biggest position. Blue Granite Capital LLC’s holdings in Home Depot were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in Home Depot by 2,013.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after buying an additional 3,162,631 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in Home Depot by 15,121.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after buying an additional 1,852,784 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in Home Depot during the 2nd quarter worth $133,780,000. Parametric Portfolio Associates LLC grew its stake in Home Depot by 35.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock worth $500,903,000 after buying an additional 850,074 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Home Depot by 14.4% during the 2nd quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after buying an additional 761,586 shares during the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.
Several research analysts recently weighed in on HD shares. Robert W. Baird set a $185.00 target price on Home Depot and gave the stock a “buy” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Oppenheimer set a $178.00 target price on Home Depot and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Bank of America boosted their target price on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Royal Bank of Canada set a $179.00 target price on Home Depot and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Credit Suisse Group set a $171.00 target price on Home Depot and gave the stock a “buy” rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $183.28.
Shares of Home Depot Inc (HD) opened at $196.42 on Friday. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. The firm has a market capitalization of $229,370.00, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. Home Depot Inc has a one year low of $133.94 and a one year high of $199.42.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 EPS. equities research analysts forecast that Home Depot Inc will post 7.37 earnings per share for the current year.
Home Depot declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.
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Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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