Louisiana State Employees Retirement System cut its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,200 shares of the home improvement retailer’s stock after selling 700 shares during the period. Home Depot, Inc. (The) accounts for about 0.6% of Louisiana State Employees Retirement System’s portfolio, making the stock its 22nd largest position. Louisiana State Employees Retirement System’s holdings in Home Depot, Inc. (The) were worth $11,382,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. L & S Advisors Inc bought a new position in Home Depot, Inc. (The) during the fourth quarter valued at about $3,583,000. Banco Santander S.A. bought a new position in Home Depot, Inc. (The) during the fourth quarter valued at about $1,001,000. Baystate Wealth Management LLC raised its position in Home Depot, Inc. (The) by 155.7% in the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock valued at $441,000 after buying an additional 1,831 shares during the last quarter. Paragon Wealth Strategies LLC raised its position in Home Depot, Inc. (The) by 18.7% in the first quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock valued at $267,000 after buying an additional 286 shares during the last quarter. Finally, Shepherd Financial Partners LLC bought a new position in Home Depot, Inc. (The) during the fourth quarter valued at about $1,569,000. Hedge funds and other institutional investors own 71.52% of the company’s stock.
Shares of Home Depot, Inc. (NYSE HD) traded down 0.89% during midday trading on Thursday, reaching $153.88. The company’s stock had a trading volume of 4,433,653 shares. The stock has a market capitalization of $183.97 billion, a PE ratio of 23.03 and a beta of 1.08. The company has a 50 day moving average price of $151.43 and a 200-day moving average price of $149.46. 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 posted its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) 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 company had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same period last year, the firm posted $1.44 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts expect that Home Depot, Inc. will post $7.24 EPS for the current year.
Several equities research analysts have weighed in on HD shares. Robert W. Baird set a $175.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, May 17th. BMO Capital Markets set a $176.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, May 17th. Stifel Nicolaus reiterated a “buy” rating and set 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 Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, BTIG Research lifted their price objective on 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 $164.72.
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 shares were purchased at an average cost of $157.11 per share, for a total transaction of $54,988.50. Following the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $219,954. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William G. Lennie sold 31,239 shares of Home Depot, Inc. (The) stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the completion of the sale, the executive vice president now owns 46,294 shares in the company, valued at $7,197,328.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,900 shares of company stock worth $20,167,386. 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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