Diversified Trust Co reduced its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 18.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,697 shares of the home improvement retailer’s stock after selling 815 shares during the period. Diversified Trust Co’s holdings in Home Depot, Inc. (The) were worth $567,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new stake in Home Depot, Inc. (The) during the first quarter valued at approximately $100,000. Riggs Asset Managment Co. Inc. raised its stake in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares in the last quarter. CT Financial Advisors LLC raised its stake in 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 in the last quarter. Advantage Investment Management LLC acquired a new stake in Home Depot, Inc. (The) during the fourth quarter valued at approximately $103,000. Finally, University of Texas Investment Managment Co. acquired a new stake in Home Depot, Inc. (The) during the first quarter valued at approximately $132,000. Institutional investors and hedge funds own 71.48% of the company’s stock.
Home Depot, Inc. (NYSE:HD) traded up 1.30% during midday trading on Friday, reaching $152.75. 3,258,581 shares of the company were exchanged. The firm’s 50-day moving average is $152.13 and its 200-day moving average is $148.91. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86. The firm has a market cap of $182.62 billion, a P/E ratio of 22.86 and a beta of 1.08.
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 Zacks’ 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 during the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the previous year, the company earned $1.44 earnings per share. Home Depot, Inc. (The)’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts expect that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.
Several analysts have recently commented on the stock. UBS AG reiterated a “buy” rating and issued a $175.00 price target (up from $173.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. BidaskClub downgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Monday, July 24th. Vetr downgraded shares of Home Depot, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $164.18 price objective on the stock. in a research note on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $164.68.
In other news, Director Wayne M. Hewett acquired 350 shares of Home Depot, Inc. (The) stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost 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 $219,954. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig A. Menear sold 90,661 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the completion of the sale, the chief executive officer now owns 240,090 shares of the company’s stock, valued at $37,643,711.10. The disclosure for this sale can be found here. Insiders sold 128,900 shares of company stock valued at $20,167,386 over the last 90 days. 0.26% of the stock is owned by corporate 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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