Aries Wealth Management increased its stake in shares of Home Depot Inc (NYSE:HD) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,160 shares of the home improvement retailer’s stock after purchasing an additional 55 shares during the period. Home Depot makes up approximately 2.2% of Aries Wealth Management’s holdings, making the stock its 11th biggest holding. Aries Wealth Management’s holdings in Home Depot were worth $3,932,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Armbruster Capital Management Inc. increased its position in shares of Home Depot by 6.6% during the second quarter. Armbruster Capital Management Inc. now owns 1,386 shares of the home improvement retailer’s stock worth $347,000 after acquiring an additional 86 shares during the last quarter. Bruderman Asset Management LLC grew its stake in Home Depot by 8.5% during the 2nd quarter. Bruderman Asset Management LLC now owns 28,186 shares of the home improvement retailer’s stock valued at $6,994,000 after purchasing an additional 2,206 shares in the last quarter. Fiduciary Planning LLC increased its holdings in Home Depot by 10.8% during the 2nd quarter. Fiduciary Planning LLC now owns 5,660 shares of the home improvement retailer’s stock worth $1,503,000 after purchasing an additional 552 shares during the last quarter. Grove Bank & Trust boosted its stake in shares of Home Depot by 1.5% during the 2nd quarter. Grove Bank & Trust now owns 7,798 shares of the home improvement retailer’s stock valued at $1,953,000 after buying an additional 113 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC grew its position in shares of Home Depot by 3.2% during the second quarter. WESPAC Advisors SoCal LLC now owns 32,755 shares of the home improvement retailer’s stock worth $8,192,000 after buying an additional 1,027 shares in the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.
Shares of Home Depot stock opened at $287.66 on Friday. Home Depot Inc has a 1-year low of $140.63 and a 1-year high of $292.95. The business’s fifty day moving average price is $278.34 and its two-hundred day moving average price is $251.27. The company has a market capitalization of $309.65 billion, a P/E ratio of 26.37, a PEG ratio of 2.38 and a beta of 1.09.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.82. The company had revenue of $38.05 billion for the quarter, compared to analyst estimates of $32.13 billion. Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period last year, the company earned $3.17 earnings per share. Equities research analysts predict that Home Depot Inc will post 11.36 earnings per share for the current year.
In other news, EVP Matt Carey sold 13,680 shares of Home Depot stock in a transaction on Sunday, August 16th. The stock was sold at an average price of $194.35, for a total transaction of $2,658,708.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 13,199 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was 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 directly owns 49,736 shares in the company, valued at approximately $14,086,229.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,304 shares of company stock worth $32,088,591. 0.26% of the stock is owned by corporate insiders.
A number of research analysts have commented on the stock. Nomura increased their price objective on shares of Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Goldman Sachs Group lifted their price target on Home Depot from $265.00 to $301.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Bank of America upgraded Home Depot from a “neutral” rating to a “buy” rating and upped their price objective for the company from $290.00 to $330.00 in a research note on Wednesday, August 19th. BNP Paribas started coverage on Home Depot in a research report on Monday, October 5th. They issued an “outperform” rating and a $310.00 target price for the company. Finally, Raymond James boosted their price target on Home Depot from $295.00 to $305.00 and gave the company 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 given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $288.79.
About Home Depot
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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