Harwood Advisory Group LLC raised its stake in Home Depot, Inc. (The) (NYSE:HD) by 22.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. Diligent Investors LLC purchased a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth $314,000. Stelliam Investment Management LP purchased a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth $42,570,000. Exchange Capital Management Inc. boosted its position in Home Depot, Inc. (The) by 1.7% in the fourth quarter. Exchange Capital Management Inc. now owns 31,222 shares of the home improvement retailer’s stock valued at $4,186,000 after buying an additional 508 shares during the last quarter. Monetary Management Group Inc. boosted its position in Home Depot, Inc. (The) by 3.3% in the fourth quarter. Monetary Management Group Inc. now owns 38,051 shares of the home improvement retailer’s stock valued at $5,102,000 after buying an additional 1,226 shares during the last quarter. Finally, Nicholas Co. Inc. WI bought a new position in Home Depot, Inc. (The) during the fourth quarter valued at approximately $46,400,000. 71.44% of the stock is owned by institutional investors.
Shares of Home Depot, Inc. (NYSE HD) traded up 0.24% during trading on Friday, hitting $148.08. 3,421,081 shares of the stock traded hands. The company has a 50-day moving average of $152.29 and a 200-day moving average of $148.52. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The firm has a market cap of $177.04 billion, a P/E ratio of 22.16 and a beta of 1.09.
Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.06. The business had revenue of $23.89 billion during 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 firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 earnings per share. On average, analysts forecast that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.
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HD has been the subject of several research analyst reports. Vetr upgraded shares of 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 note on Monday, April 10th. BMO Capital Markets set a $176.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, May 17th. Stifel Nicolaus restated a “buy” rating and issued a $178.00 price objective (up previously from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Royal Bank Of Canada set a $166.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, BTIG Research increased their price objective on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $164.68.
In other news, Director Wayne M. Hewett acquired 350 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average price of $157.11 per share, with a total value of $54,988.50. Following the completion of the acquisition, the director now directly 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 is available through this hyperlink. 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 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 sold 128,900 shares of company stock valued at $20,167,386 in the last 90 days. Company 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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