Tocqueville Asset Management L.P. reduced its position in shares of Home Depot Inc (NYSE:HD) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,531,852 shares of the home improvement retailer’s stock after selling 5,981 shares during the period. Home Depot comprises 2.7% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its largest position. Tocqueville Asset Management L.P. owned approximately 0.13% of Home Depot worth $224,922,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of HD. Advantage Investment Management LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $103,000. CT Financial Advisors LLC boosted its stake in shares of Home Depot 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. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $131,000. University of Texas Investment Managment Co. purchased a new stake in shares of Home Depot during the first quarter valued at approximately $132,000. Finally, Peoples Financial Services CORP. boosted its stake in shares of Home Depot 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 last quarter. Institutional investors and hedge funds own 71.27% of the company’s stock.
Shares of Home Depot Inc (NYSE HD) traded down 2.76% during midday trading on Tuesday, reaching $150.01. The company’s stock had a trading volume of 12,578,907 shares. Home Depot Inc has a 52 week low of $119.20 and a 52 week high of $160.86. The firm’s 50 day moving average is $151.41 and its 200 day moving average is $149.89. The firm has a market capitalization of $179.35 billion, a price-to-earnings ratio of 22.45 and a beta of 1.08. Home Depot also saw unusually large options trading on Monday. Stock investors bought 31,506 put options on the company. This represents an increase of approximately 331% compared to the typical daily volume of 7,312 put options.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot had a return on equity of 194.77% and a net margin of 8.43%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.97 earnings per share. Equities analysts forecast that Home Depot Inc will post $7.25 EPS for the current fiscal year.
A number of equities analysts have weighed in on the company. Vetr lowered Home Depot from a “buy” rating to a “hold” rating and set a $164.09 price objective on the stock. in a research note on Monday, June 19th. Barclays PLC reissued an “overweight” rating and set a $165.00 price objective (up previously from $150.00) on shares of Home Depot in a research note on Wednesday, May 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $176.00 price objective on shares of Home Depot in a research note on Friday, June 16th. Citigroup Inc. reissued a “buy” rating and set a $179.00 price objective (up previously from $168.00) on shares of Home Depot in a research note on Wednesday, May 17th. Finally, BTIG Research boosted their price objective on Home Depot from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $165.43.
In other news, EVP Ann Marie Campbell sold 7,000 shares of Home Depot stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the sale, the executive vice president now directly owns 54,091 shares of the company’s stock, valued at $8,468,486.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig A. Menear sold 90,661 shares of Home Depot stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total value of $14,214,738.19. Following the sale, the chief executive officer now directly owns 240,090 shares in the company, valued at $37,643,711.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,900 shares of company stock worth $20,167,386. 0.26% of the stock is currently owned by insiders.
Home Depot 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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