Home Depot Inc (HD) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. reduced its stake in shares of Home Depot Inc (NYSE:HD) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,331 shares of the home improvement retailer’s stock after selling 834 shares during the quarter. Financial Counselors Inc.’s holdings in Home Depot were worth $13,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Planning Corp grew its holdings in shares of Home Depot by 6.5% in the third quarter. National Planning Corp now owns 18,009 shares of the home improvement retailer’s stock valued at $2,975,000 after purchasing an additional 1,092 shares in the last quarter. BB&T Investment Services Inc. grew its holdings in shares of Home Depot by 8.6% in the third quarter. BB&T Investment Services Inc. now owns 5,673 shares of the home improvement retailer’s stock valued at $919,000 after purchasing an additional 450 shares in the last quarter. Dearborn Partners LLC grew its holdings in shares of Home Depot by 1.3% in the third quarter. Dearborn Partners LLC now owns 86,683 shares of the home improvement retailer’s stock valued at $14,178,000 after purchasing an additional 1,151 shares in the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new position in shares of Home Depot in the third quarter valued at $17,172,000. Finally, Stifel Financial Corp grew its holdings in shares of Home Depot by 8,118.8% in the third quarter. Stifel Financial Corp now owns 1,174,227 shares of the home improvement retailer’s stock valued at $191,976,000 after purchasing an additional 1,159,940 shares in the last quarter. 70.34% of the stock is owned by institutional investors and hedge funds.

Shares of Home Depot Inc (HD) opened at $186.97 on Monday. Home Depot Inc has a 52-week low of $141.00 and a 52-week high of $207.60. The firm has a market capitalization of $218,330.00, a price-to-earnings ratio of 25.93, a PEG ratio of 1.36 and a beta of 1.08. 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 announced that its board has authorized a stock repurchase plan on Wednesday, December 6th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of research firms recently weighed in on HD. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Tuesday, February 6th. Jefferies Group restated a “buy” rating and issued a $223.00 price target on shares of Home Depot in a research report on Monday, February 5th. Stifel Nicolaus raised their price target on Home Depot from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Credit Suisse Group raised their price target on Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $220.00 price target (up from $190.00) on shares of Home Depot in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $190.32.

In other news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction on Friday, December 8th. The stock was 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 directly owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by company insiders.

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

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