Tocqueville Asset Management L.P. Sells 5,981 Shares of Home Depot, Inc. (The) (HD)

Tocqueville Asset Management L.P. decreased its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,531,852 shares of the home improvement retailer’s stock after selling 5,981 shares during the period. Home Depot, Inc. (The) makes up about 2.7% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its largest position. Tocqueville Asset Management L.P. owned 0.13% of Home Depot, Inc. (The) worth $224,922,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. CT Financial Advisors LLC increased 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 worth $111,000 after buying an additional 3 shares during the period. Advantage Investment Management LLC purchased a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $103,000. University of Texas Investment Managment Co. purchased a new stake in shares of Home Depot, Inc. (The) during the first quarter worth about $132,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $131,000. Finally, Peoples Financial Services CORP. increased its stake in shares of Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock worth $151,000 after buying an additional 125 shares during the period. 71.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Home Depot, Inc. (NYSE HD) opened at 147.03 on Friday. The company’s 50-day moving average is $153.64 and its 200 day moving average is $148.08. The firm has a market capitalization of $175.78 billion, a PE ratio of 22.00 and a beta of 1.09. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data 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 business had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period in the previous year, the firm earned $1.44 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts expect that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.

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A number of analysts recently issued reports on the stock. Vetr raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $164.18 price target on the stock in a report on Thursday. Sanford C. Bernstein reissued a “market perform” rating and set a $152.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and set a $182.00 price target on shares of Home Depot, Inc. (The) in a report on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Home Depot, Inc. (The) in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $164.68.

In other Home Depot, Inc. (The) news, CEO Craig A. Menear sold 90,661 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. Following the transaction, the chief executive officer now directly owns 240,090 shares in the company, valued at approximately $37,643,711.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Wayne M. Hewett bought 350 shares of Home Depot, Inc. (The) stock in a transaction on Wednesday, May 17th. The stock was purchased at an average price of $157.11 per share, for a total transaction of $54,988.50. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at approximately $219,954. The disclosure for this purchase can be found here. Insiders sold a total of 128,900 shares of company stock worth $20,167,386 over the last quarter. Insiders own 0.26% of the company’s stock.

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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