APG Asset Management N.V. cut its stake in Home Depot, Inc. (The) (NYSE:HD) by 21.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,130,680 shares of the home improvement retailer’s stock after selling 594,147 shares during the period. Home Depot, Inc. (The) comprises about 0.6% of APG Asset Management N.V.’s portfolio, making the stock its 29th largest position. APG Asset Management N.V. owned about 0.18% of Home Depot, Inc. (The) worth $312,848,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. CT Financial Advisors LLC raised 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 during the last quarter. Piershale Financial Group Inc. raised 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 during the last quarter. LVM Capital Management Ltd. MI raised its stake in shares of Home Depot, Inc. (The) by 1.1% in the first quarter. LVM Capital Management Ltd. MI now owns 2,087 shares of the home improvement retailer’s stock valued at $306,000 after buying an additional 23 shares during the last quarter. Newman Dignan & Sheerar Inc. raised its stake in shares of Home Depot, Inc. (The) by 0.7% in the first quarter. Newman Dignan & Sheerar Inc. now owns 3,622 shares of the home improvement retailer’s stock valued at $532,000 after buying an additional 24 shares during the last quarter. Finally, Baldwin Brothers Inc. MA raised its stake in shares of Home Depot, Inc. (The) by 1.8% in the first quarter. Baldwin Brothers Inc. MA now owns 1,354 shares of the home improvement retailer’s stock valued at $199,000 after buying an additional 24 shares during the last quarter. 71.44% of the stock is owned by institutional investors.
Home Depot, Inc. (NYSE:HD) opened at 148.08 on Friday. The firm has a 50-day moving average of $152.29 and a 200-day moving average of $148.52. The firm has a market cap of $177.04 billion, a PE ratio of 22.16 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 issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period last year, the company earned $1.44 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts anticipate that Home Depot, Inc. will post $7.24 EPS for the current year.
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Several equities research analysts recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $178.00 price target (up previously from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Atlantic Securities lowered shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price target for the company. in a report on Thursday, May 11th. Oppenheimer Holdings, Inc. set a $178.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Tuesday, May 16th. UBS AG reissued a “buy” rating and issued a $175.00 price target (up previously from $173.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $152.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have issued 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 Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total value of $1,095,920.00. Following the completion of the sale, the executive vice president now directly owns 54,091 shares in the company, valued at $8,468,486.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,900 shares of company stock worth $20,167,386. 0.26% of the stock is owned by corporate insiders.
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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