Usca Ria LLC Has $2.36 Million Stake in Home Depot, Inc. (The) (HD)

Usca Ria LLC increased its position in Home Depot, Inc. (The) (NYSE:HD) by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,036 shares of the home improvement retailer’s stock after buying an additional 354 shares during the period. Usca Ria LLC’s holdings in Home Depot, Inc. (The) were worth $2,355,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tyers Asset Management LLC acquired a new stake in Home Depot, Inc. (The) during the fourth quarter valued at about $34,768,000. Carbonado Capital boosted its stake in Home Depot, Inc. (The) by 90.9% in the fourth quarter. Carbonado Capital now owns 525,000 shares of the home improvement retailer’s stock valued at $70,392,000 after buying an additional 250,000 shares in the last quarter. Menta Capital LLC boosted its stake in Home Depot, Inc. (The) by 77.3% in the fourth quarter. Menta Capital LLC now owns 36,691 shares of the home improvement retailer’s stock valued at $4,920,000 after buying an additional 16,000 shares in the last quarter. Parallel Advisors LLC acquired a new stake in Home Depot, Inc. (The) during the fourth quarter valued at about $1,637,000. Finally, Sand Hill Global Advisors LLC boosted its stake in Home Depot, Inc. (The) by 35.2% in the fourth quarter. Sand Hill Global Advisors LLC now owns 2,522 shares of the home improvement retailer’s stock valued at $338,000 after buying an additional 656 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Shares of Home Depot, Inc. (NYSE HD) opened at 144.58 on Tuesday. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The company has a market capitalization of $172.85 billion, a price-to-earnings ratio of 21.63 and a beta of 1.09. The company’s 50 day moving average price is $153.09 and its 200-day moving average price is $148.34.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. Analysts anticipate that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.

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Several analysts recently issued reports on HD shares. Vetr upgraded 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 raised their price target on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 5th. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a report on Wednesday, July 12th. Jefferies Group LLC raised their price target on Home Depot, Inc. (The) from $167.00 to $182.00 and gave the company a “buy” rating in a report on Friday, May 12th. Finally, Credit Suisse Group set a $163.00 price target on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Home Depot, Inc. (The) presently has a consensus rating of “Buy” and a consensus price target of $164.68.

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