Epstein & White Financial LLC increased its position in shares of Home Depot Inc (NYSE:HD) by 18.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,124 shares of the home improvement retailer’s stock after purchasing an additional 325 shares during the period. Home Depot comprises about 0.2% of Epstein & White Financial LLC’s investment portfolio, making the stock its 27th largest position. Epstein & White Financial LLC’s holdings in Home Depot were worth $592,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Price Wealth LLC increased its stake in Home Depot by 138.5% in the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after acquiring an additional 72 shares during the period. Selective Wealth Management Inc. boosted its holdings in Home Depot by 243.9% during the second quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Evolution Wealth Advisors LLC grew its stake 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 purchasing an additional 111 shares during the period. Your Advocates Ltd. LLP raised its holdings in shares of Home Depot by 51.4% in the 2nd quarter. Your Advocates Ltd. LLP now owns 221 shares of the home improvement retailer’s stock worth $57,000 after buying an additional 75 shares in the last quarter. Finally, NuWave Investment Management LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $57,000. Institutional investors and hedge funds own 69.00% of the company’s stock.
HD opened at $287.66 on Friday. The company has a fifty day moving average price of $278.34 and a two-hundred day moving average price of $251.27. The firm has a market capitalization of $309.65 billion, a PE ratio of 26.37, a P/E/G ratio of 2.38 and a beta of 1.09. Home Depot Inc has a 52 week low of $140.63 and a 52 week high of $292.95.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.20 by $0.82. Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The business had revenue of $38.05 billion for the quarter, compared to analyst estimates of $32.13 billion. During the same period last year, the company earned $3.17 EPS. The firm’s revenue was up 23.4% on a year-over-year basis. Equities analysts forecast that Home Depot Inc will post 11.36 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. BofA Securities upgraded Home Depot from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $290.00 to $330.00 in a research note on Wednesday, August 19th. Barclays upped their target price on shares of Home Depot from $260.00 to $315.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. UBS Group lifted their price target on shares of Home Depot from $300.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Morgan Stanley boosted their price target on shares of Home Depot from $295.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Finally, Wedbush raised their price objective on shares of Home Depot from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Eight research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and an average price target of $288.79.
In other Home Depot news, EVP William G. Lennie sold 13,199 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $283.22, for a total value of $3,738,220.78. Following the completion of the sale, the executive vice president now owns 49,736 shares of the company’s stock, valued at $14,086,229.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 50,478 shares of Home Depot stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the transaction, the executive vice president now directly owns 62,735 shares in the company, valued at $17,341,836.05. The disclosure for this sale can be found here. Insiders sold 119,304 shares of company stock worth $32,088,591 in the last three months. Insiders own 0.26% of the company’s stock.
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.
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