Clean Yield Group Purchases 35 Shares of Home Depot, Inc. (The) (HD)

Clean Yield Group boosted its stake in Home Depot, Inc. (The) (NYSE:HD) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 12,285 shares of the home improvement retailer’s stock after buying an additional 35 shares during the period. Clean Yield Group’s holdings in Home Depot, Inc. (The) were worth $1,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Good Life Advisors LLC bought a new position in Home Depot, Inc. (The) during the fourth quarter valued at approximately $383,000. Brown Advisory Inc. raised its position in Home Depot, Inc. (The) by 16.3% in the fourth quarter. Brown Advisory Inc. now owns 307,589 shares of the home improvement retailer’s stock valued at $41,243,000 after buying an additional 43,073 shares during the period. Gyroscope Capital Management Group LLC raised its position in Home Depot, Inc. (The) by 4.7% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 34,831 shares of the home improvement retailer’s stock valued at $4,670,000 after buying an additional 1,551 shares during the period. Rafferty Asset Management LLC raised its position in Home Depot, Inc. (The) by 541.3% in the fourth quarter. Rafferty Asset Management LLC now owns 15,372 shares of the home improvement retailer’s stock valued at $2,061,000 after buying an additional 12,975 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its position in Home Depot, Inc. (The) by 8.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 12,593 shares of the home improvement retailer’s stock valued at $1,688,000 after buying an additional 1,005 shares during the period. 71.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Home Depot, Inc. (HD) opened at 152.17 on Wednesday. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86. The company’s 50-day moving average price is $153.84 and its 200 day moving average price is $148.05. The company has a market cap of $181.93 billion, a PE ratio of 22.77 and a beta of 1.09.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the consensus estimate of $1.61 by $0.06. The business had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. Home Depot, Inc. (The)’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.44 EPS. Equities analysts forecast that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.

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HD has been the topic of several research reports. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $152.86 price objective on the stock in a research report on Tuesday, March 21st. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research report on Tuesday, April 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $158.00 price objective on shares of Home Depot, Inc. (The) in a research report on Tuesday, May 2nd. Credit Suisse Group set a $163.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Finally, BTIG Research raised their price objective on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Home Depot, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $164.67.

In related news, Director Wayne M. Hewett bought 350 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $157.11 per share, with a total value of $54,988.50. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $219,954. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William G. Lennie sold 31,239 shares of Home Depot, Inc. (The) stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the sale, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. 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 ninety days. 0.26% of the stock is currently owned by 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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