Paragon Wealth Strategies LLC raised its position in Home Depot, Inc. (The) (NYSE:HD) by 18.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,818 shares of the home improvement retailer’s stock after buying an additional 286 shares during the period. Home Depot, Inc. (The) makes up approximately 0.2% of Paragon Wealth Strategies LLC’s investment portfolio, making the stock its 24th largest position. Paragon Wealth Strategies LLC’s holdings in Home Depot, Inc. (The) were worth $267,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Advantage Investment Management LLC purchased a new stake in Home Depot, Inc. (The) during the fourth quarter valued at approximately $103,000. CT Financial Advisors LLC boosted 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 during the period. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Home Depot, Inc. (The) during the fourth quarter valued at approximately $131,000. University of Texas Investment Managment Co. purchased a new stake in Home Depot, Inc. (The) during the first quarter valued at approximately $132,000. Finally, Peoples Financial Services CORP. boosted its stake in Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock valued at $151,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 71.27% of the company’s stock.
Home Depot, Inc. (NYSE:HD) traded down 0.40% during midday trading on Monday, hitting $154.26. 6,653,398 shares of the company traded hands. The stock has a 50 day moving average price of $151.33 and a 200-day moving average price of $149.61. The company has a market cap of $184.43 billion, a PE ratio of 23.08 and a beta of 1.08. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86.
Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 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 the consensus estimate of $23.74 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Analysts expect that Home Depot, Inc. will post $7.25 EPS for the current year.
Several research firms have recently commented on HD. Stifel Nicolaus restated 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 note on Wednesday, May 17th. Vetr upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 price target for the company in a report on Tuesday, May 30th. Sanford C. Bernstein reiterated 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. Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Home Depot, Inc. (The) in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $164.72.
In related news, Director Wayne M. Hewett bought 350 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average price of $157.11 per share, with a total value of $54,988.50. Following the completion of the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $219,954. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William G. Lennie sold 31,239 shares of the company’s stock in a transaction that occurred 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 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 worth $20,167,386 in the last 90 days. 0.26% of the stock is currently 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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