Cadence Bank NA increased its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,215 shares of the home improvement retailer’s stock after buying an additional 129 shares during the period. Cadence Bank NA’s holdings in Home Depot, Inc. (The) were worth $1,940,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. L & S Advisors Inc bought a new position in Home Depot, Inc. (The) during the fourth quarter worth about $3,583,000. Nicholas Co. Inc. WI bought a new position in Home Depot, Inc. (The) during the fourth quarter worth about $46,400,000. Banco Santander S.A. bought a new position in Home Depot, Inc. (The) during the fourth quarter worth about $1,001,000. Baystate Wealth Management LLC raised its position in 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 worth $441,000 after buying an additional 1,831 shares during the last quarter. Finally, Flinton Capital Management LLC bought a new position in Home Depot, Inc. (The) during the fourth quarter worth about $42,218,000. 71.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Home Depot, Inc. (NYSE HD) opened at 153.30 on Thursday. The stock has a market capitalization of $183.28 billion, a P/E ratio of 22.94 and a beta of 1.09. The stock has a 50 day moving average price of $153.83 and a 200 day moving average price of $148.09. 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 issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. The business had revenue of $23.89 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. On average, analysts anticipate that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.
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A number of research analysts have recently issued reports on HD shares. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $153.35 target price on the stock in a report on Monday, April 10th. BTIG Research upped their price objective on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Jefferies Group LLC upped their price objective on Home Depot, Inc. (The) from $167.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Credit Suisse Group set a $163.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Finally, 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 report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company’s stock. The company 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 the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of $157.11 per share, for a total transaction of $54,988.50. Following the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $219,954. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP William G. Lennie sold 31,239 shares of Home Depot, Inc. (The) stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the transaction, the executive vice president now owns 46,294 shares in the company, valued at $7,197,328.18. The disclosure for this sale can be found here. Insiders sold a total of 128,900 shares of company stock worth $20,167,386 over the last 90 days. Insiders own 0.26% of the company’s stock.
Home Depot, Inc. (The) Company Profile
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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