Horan Capital Management reduced its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,064 shares of the home improvement retailer’s stock after selling 1,067 shares during the period. Horan Capital Management’s holdings in Home Depot, Inc. (The) were worth $776,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Rafferty Asset Management LLC increased its stake in Home Depot, Inc. (The) by 541.3% in the fourth quarter. Rafferty Asset Management LLC now owns 15,372 shares of the home improvement retailer’s stock worth $2,061,000 after buying an additional 12,975 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in Home Depot, Inc. (The) by 8.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 12,593 shares of the home improvement retailer’s stock worth $1,688,000 after buying an additional 1,005 shares during the period. Iberiabank Corp increased its stake in Home Depot, Inc. (The) by 4.7% in the fourth quarter. Iberiabank Corp now owns 5,859 shares of the home improvement retailer’s stock worth $786,000 after buying an additional 264 shares during the period. Massmutual Trust Co. FSB ADV bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at $6,775,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at $165,000. 71.27% of the stock is owned by institutional investors and hedge funds.
Shares of Home Depot, Inc. (HD) traded down 0.40% during midday trading on Monday, hitting $154.26. The stock had a trading volume of 6,662,484 shares. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The company’s 50 day moving average price is $151.41 and its 200-day moving average price is $149.89. The firm has a market capitalization of $184.43 billion, a PE ratio of 23.08 and a beta of 1.08.
Home Depot, Inc. (The) (NYSE:HD) last released 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 for the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. Home Depot, Inc. (The)’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. Equities analysts predict that Home Depot, Inc. will post $7.25 earnings per share for the current year.
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Several brokerages have recently weighed in on HD. Stifel Nicolaus reaffirmed a “buy” rating and issued a $178.00 target price (up previously from $165.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Vetr upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 price target on the stock in a research note on Tuesday, May 30th. Longbow Research reaffirmed a “buy” rating and set a $175.00 target price on shares of Home Depot, Inc. (The) in a report on Monday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $152.00 target price on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Finally, Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $165.12.
In other news, EVP William G. Lennie sold 31,239 shares of the business’s 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 transaction, the executive vice president now directly owns 46,294 shares in the company, valued at approximately $7,197,328.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wayne M. Hewett acquired 350 shares of the stock in a transaction dated Wednesday, May 17th. The shares were purchased 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 directly owns 1,400 shares in the company, valued at $219,954. The disclosure for this purchase can be found here. Insiders have sold a total of 128,900 shares of company stock worth $20,167,386 over the last 90 days. 0.26% of the stock is 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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