Adams Diversified Equity Fund Inc. bought a new stake in Home Depot, Inc. (The) (NYSE:HD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 177,400 shares of the home improvement retailer’s stock, valued at approximately $26,048,000. Home Depot, Inc. (The) comprises 1.5% of Adams Diversified Equity Fund Inc.’s investment portfolio, making the stock its 15th largest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. L & S Advisors Inc bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at about $3,583,000. Nicholas Co. Inc. WI bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at about $46,400,000. Banco Santander S.A. bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at about $1,001,000. Baystate Wealth Management LLC raised its position in shares of Home Depot, Inc. (The) by 155.7% in the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock valued at $441,000 after buying an additional 1,831 shares during the period. Finally, Flinton Capital Management LLC bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at about $42,218,000. Institutional investors own 71.63% of the company’s stock.
Home Depot, Inc. (NYSE HD) opened at 152.17 on Wednesday. The company’s 50 day moving average is $153.84 and its 200 day moving average is $148.05. The stock has a market cap of $181.93 billion, a PE ratio of 22.77 and a beta of 1.09. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86.
Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The company had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. During the same quarter last year, the business posted $1.44 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.
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Several research analysts recently issued reports on HD shares. Vetr upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $153.35 target price for the company in a research report on Monday, April 10th. BTIG Research boosted their price target on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Jefferies Group LLC boosted their price target on shares of Home Depot, Inc. (The) from $167.00 to $182.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. Credit Suisse Group set a $163.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. Home Depot, Inc. (The) presently has an average rating of “Buy” and an average target price of $164.67.
In other Home Depot, Inc. (The) news, Director Wayne M. Hewett purchased 350 shares of Home Depot, Inc. (The) stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average price of $157.11 per share, for a total transaction of $54,988.50. Following the acquisition, the director now owns 1,400 shares in the company, valued at approximately $219,954. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 7,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the completion of the sale, the executive vice president now owns 54,091 shares of the company’s stock, valued at approximately $8,468,486.96. The disclosure for this sale can be found here. Insiders have sold a total of 128,900 shares of company stock valued at $20,167,386 in the last quarter. 0.26% of the stock is currently owned by company insiders.
About Home Depot, Inc. (The)
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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