Harwood Advisory Group LLC increased its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 22.7% during the second quarter, Holdings Channel reports. The institutional investor owned 8,338 shares of the home improvement retailer’s stock after buying an additional 1,543 shares during the period. Harwood Advisory Group LLC’s holdings in Home Depot, Inc. (The) were worth $1,279,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. CT Financial Advisors LLC boosted its stake in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 6 shares in the last quarter. Mascoma Wealth Management LLC boosted its stake in shares of Home Depot, Inc. (The) by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. boosted its stake in shares of Home Depot, Inc. (The) by 0.3% in the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock valued at $400,000 after buying an additional 9 shares in the last quarter. Finally, Piershale Financial Group Inc. boosted its stake in shares of Home Depot, Inc. (The) by 0.6% in the first quarter. Piershale Financial Group Inc. now owns 2,192 shares of the home improvement retailer’s stock valued at $322,000 after buying an additional 13 shares in the last quarter. 71.63% of the stock is owned by institutional investors.
Shares of Home Depot, Inc. (NYSE:HD) opened at 152.17 on Wednesday. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The firm has a market capitalization of $181.93 billion, a price-to-earnings ratio of 22.77 and a beta of 1.09. The company’s 50-day moving average is $153.84 and its 200 day moving average is $148.05.
Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly 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. 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 analysts’ expectations of $23.74 billion. During the same quarter in the previous year, the company earned $1.44 EPS. Home Depot, Inc. (The)’s revenue was up 4.9% on a year-over-year basis. On average, analysts expect that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://stocknewstimes.com/2017/07/19/home-depot-inc-the-hd-shares-bought-by-harwood-advisory-group-llc.html.
Several research firms recently weighed in on HD. Atlantic Securities lowered shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 target price on the stock. in a report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and set a $178.00 target price (up previously from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, May 16th. UBS AG restated a “buy” rating and set a $175.00 target price (up previously from $173.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $152.00 target price on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company’s stock. Home Depot, Inc. (The) presently has a consensus rating of “Buy” and an average price target of $164.67.
In other news, Director Wayne M. Hewett acquired 350 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average price of $157.11 per share, with a total value of $54,988.50. Following the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $219,954. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 7,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the transaction, the executive vice president now directly owns 54,091 shares in the company, valued at approximately $8,468,486.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,900 shares of company stock valued at $20,167,386. 0.26% of the stock is owned by corporate 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.
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot, Inc. (The) (NYSE:HD).
Receive News & Ratings for Home Depot Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.
