Gabelli Funds LLC Has $48.30 Million Holdings in Home Depot Inc (HD)

Gabelli Funds LLC raised its stake in Home Depot Inc (NYSE:HD) by 10.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 295,300 shares of the home improvement retailer’s stock after acquiring an additional 28,600 shares during the period. Gabelli Funds LLC’s holdings in Home Depot were worth $48,299,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HD. Mascoma Wealth Management LLC grew its holdings in shares of Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares during the last quarter. Paragon Wealth Strategies LLC grew its holdings in shares of Home Depot by 0.4% during the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Home Depot by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock worth $253,000 after purchasing an additional 7 shares during the last quarter. Silicon Valley Capital Partners grew its holdings in shares of Home Depot by 0.6% during the second quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after purchasing an additional 9 shares during the last quarter. Finally, Mcdaniel Terry & Co. grew its holdings in shares of Home Depot by 0.5% during the second quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock worth $257,000 after purchasing an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 70.14% of the company’s stock.

In other news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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. Home Depot Inc has a one year low of $133.94 and a one year high of $199.42. The stock has a market capitalization of $229,370.00, a price-to-earnings ratio of 27.24, a PEG ratio of 1.81 and a beta of 1.11.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. analysts forecast that Home Depot Inc will post 7.37 EPS for the current fiscal year.

Home Depot declared that its board has authorized a stock repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Several brokerages have recently commented on HD. Telsey Advisory Group increased their target price on Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Robert W. Baird restated an “outperform” rating and set a $195.00 target price on shares of Home Depot in a report on Thursday, November 30th. SunTrust Banks increased their target price on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, December 7th. Bank of America increased their target price on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Home Depot presently has an average rating of “Buy” and an average target price of $183.28.

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

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