Home Depot Inc (HD) Shares Bought by Goodman Financial Corp

Goodman Financial Corp lifted its stake in Home Depot Inc (NYSE:HD) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,430 shares of the home improvement retailer’s stock after buying an additional 1,478 shares during the period. Home Depot comprises 4.3% of Goodman Financial Corp’s portfolio, making the stock its 5th biggest holding. Goodman Financial Corp’s holdings in Home Depot were worth $8,739,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Jacobi Capital Management LLC lifted its stake in shares of Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Home Depot by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after buying an additional 340 shares during the period. Glassman Wealth Services lifted its stake in shares of Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares during the period. St. Johns Investment Management Company LLC lifted its stake in Home Depot by 81.8% during the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares during the period. Finally, Mascoma Wealth Management LLC lifted its stake in Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares during the period. Institutional investors and hedge funds own 70.18% of the company’s stock.

Shares of Home Depot Inc (NYSE HD) opened at $201.33 on Friday. The firm has a market cap of $231,599.67, a P/E ratio of 27.96, a PEG ratio of 1.84 and a beta of 1.11. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. Home Depot Inc has a fifty-two week low of $134.60 and a fifty-two week high of $201.33.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $1.60 earnings per share. equities research analysts forecast that Home Depot Inc will post 7.39 EPS for the current year.

Home Depot announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

A number of brokerages have commented on HD. Telsey Advisory Group raised their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Robert W. Baird restated an “outperform” rating and set a $195.00 price target on shares of Home Depot in a research note on Thursday, November 30th. SunTrust Banks raised their price target on shares of Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, December 7th. Bank of America raised their price target on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Gordon Haskett began coverage on shares of Home Depot in a research note on Tuesday, October 3rd. They set a “buy” rating and a $189.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $184.39.

In other news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2018/01/20/home-depot-inc-hd-shares-bought-by-goodman-financial-corp.html.

About Home Depot

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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply