Advantus Capital Management Inc lowered its holdings in shares of Home Depot Inc (NYSE:HD) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,745 shares of the home improvement retailer’s stock after selling 910 shares during the quarter. Advantus Capital Management Inc owned 10,158.04% of Home Depot worth $19,585,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Dynamic Advisors Solutions LLC bought a new stake in shares of Home Depot in the 2nd quarter worth about $412,000. Atria Investments LLC lifted its holdings in shares of Home Depot by 8.8% in the 2nd quarter. Atria Investments LLC now owns 15,939 shares of the home improvement retailer’s stock worth $2,445,000 after acquiring an additional 1,283 shares during the last quarter. RB Capital Management LLC lifted its holdings in shares of Home Depot by 13.1% in the 2nd quarter. RB Capital Management LLC now owns 2,777 shares of the home improvement retailer’s stock worth $426,000 after acquiring an additional 321 shares during the last quarter. Hartwell J M Limited Partnership lifted its holdings in shares of Home Depot by 7.6% in the 2nd quarter. Hartwell J M Limited Partnership now owns 153,589 shares of the home improvement retailer’s stock worth $23,561,000 after acquiring an additional 10,856 shares during the last quarter. Finally, Iberiabank Corp lifted its holdings in shares of Home Depot by 5.9% in the 2nd quarter. Iberiabank Corp now owns 11,055 shares of the home improvement retailer’s stock worth $1,696,000 after acquiring an additional 618 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.
Home Depot Inc (NYSE:HD) traded up $2.90 during midday trading on Friday, reaching $184.12. 9,029,210 shares of the company’s stock were exchanged, compared to its average volume of 5,140,000. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The stock has a market cap of $215,010.00, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. Home Depot Inc has a 1-year low of $138.24 and a 1-year high of $207.60.
Home Depot declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by insiders.
HD has been the subject of several analyst reports. Royal Bank of Canada set a $179.00 target price on shares of Home Depot and gave the stock a “buy” rating in a report on Monday, October 30th. KeyCorp began coverage on shares of Home Depot in a report on Tuesday, November 7th. They set a “sector weight” rating for the company. Bank of America lifted their price objective on shares of Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Oppenheimer set a $178.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Robert W. Baird set a $185.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $190.32.
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.
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.