Investors Asset Management of Georgia Inc. GA ADV reduced its holdings in shares of Home Depot Inc (NYSE:HD) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,132 shares of the home improvement retailer’s stock after selling 714 shares during the quarter. Home Depot accounts for about 3.4% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 4th largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Home Depot were worth $5,035,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Home Depot by 1.3% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 326,905 shares of the home improvement retailer’s stock worth $61,036,000 after purchasing an additional 4,303 shares during the last quarter. Morgan Stanley raised its stake in Home Depot by 2.4% during the first quarter. Morgan Stanley now owns 9,255,927 shares of the home improvement retailer’s stock valued at $1,728,173,000 after buying an additional 216,078 shares in the last quarter. Guardian Capital LP lifted its holdings in Home Depot by 3.8% during the 1st quarter. Guardian Capital LP now owns 55,925 shares of the home improvement retailer’s stock worth $10,442,000 after buying an additional 2,028 shares during the last quarter. Aspen Investment Management Inc grew its position in shares of Home Depot by 3.8% in the 1st quarter. Aspen Investment Management Inc now owns 7,576 shares of the home improvement retailer’s stock worth $1,415,000 after acquiring an additional 280 shares in the last quarter. Finally, Full Sail Capital LLC increased its holdings in shares of Home Depot by 51.9% in the 1st quarter. Full Sail Capital LLC now owns 6,780 shares of the home improvement retailer’s stock valued at $1,589,000 after acquiring an additional 2,318 shares during the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Credit Suisse Group restated a “buy” rating and set a $300.00 price objective on shares of Home Depot in a research note on Monday, August 17th. Bank of America raised shares of Home Depot from a “neutral” rating to a “buy” rating and lifted their price target for the company from $290.00 to $330.00 in a report on Wednesday, August 19th. BofA Securities raised shares of Home Depot from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $290.00 to $330.00 in a research report on Wednesday, August 19th. Nomura raised their target price on shares of Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, DA Davidson began coverage on Home Depot in a report on Friday, August 14th. They set a “neutral” rating and a $290.00 target price for the company. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Home Depot currently has an average rating of “Buy” and a consensus price target of $288.79.
Shares of NYSE HD 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 firm has a market cap of $309.65 billion, a P/E ratio of 26.37, a PEG ratio of 2.38 and a beta of 1.09. The stock has a fifty day moving average price of $278.34 and a two-hundred day moving average price of $251.27.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.20 by $0.82. The business had revenue of $38.05 billion during 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 revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.17 earnings per share. On average, analysts predict that Home Depot Inc will post 11.36 EPS for the current year.
In other Home Depot news, EVP Matt Carey sold 50,478 shares of Home Depot stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $276.43, for a total value of $13,953,633.54. Following the transaction, the executive vice president now owns 62,735 shares in the company, valued at $17,341,836.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 41,947 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $279.83, for a total value of $11,738,029.01. Insiders sold a total of 119,304 shares of company stock valued at $32,088,591 over the last three months. 0.26% of the stock is owned by corporate insiders.
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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