Ardevora Asset Management LLP raised its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,927 shares of the home improvement retailer’s stock after buying an additional 9,900 shares during the period. Ardevora Asset Management LLP’s holdings in Home Depot, Inc. (The) were worth $29,902,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth $1,502,692,000. Boston Partners purchased a new position in shares of Home Depot, Inc. (The) during the first quarter worth $326,895,000. Schwab Charles Investment Management Inc. raised its position in shares of Home Depot, Inc. (The) by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after buying an additional 1,734,963 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth $139,356,000. Finally, Westwood Holdings Group Inc. raised its position in shares of Home Depot, Inc. (The) by 96.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,720,516 shares of the home improvement retailer’s stock worth $230,687,000 after buying an additional 842,499 shares during the last quarter. Hedge funds and other institutional investors own 71.27% of the company’s stock.
Shares of Home Depot, Inc. (HD) traded up 1.39% during mid-day trading on Wednesday, hitting $152.25. 6,043,875 shares of the stock traded hands. The firm has a 50 day moving average of $151.38 and a 200 day moving average of $149.99. The company has a market cap of $182.02 billion, a P/E ratio of 22.78 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) also was the target of some unusual options trading activity on Monday. Stock traders purchased 31,506 put options on the company. This is an increase of 331% compared to the average volume of 7,312 put options.
Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.04. The business had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.97 EPS. Equities analysts anticipate that Home Depot, Inc. will post $7.28 EPS for the current fiscal year.
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A number of equities research analysts have weighed in on HD shares. UBS AG reiterated a “buy” rating and set a $175.00 target price (up from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Wedbush reiterated a “market perform” rating on shares of Home Depot, Inc. (The) in a research note on Wednesday. Stifel Nicolaus reiterated a “buy” rating and set a $178.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday. Jefferies Group LLC reiterated a “buy” rating and set a $182.00 target price on shares of Home Depot, Inc. (The) in a research note on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $167.31.
In other news, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by 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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