Doyle Wealth Management lowered its position in Home Depot Inc (NYSE:HD) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,717 shares of the home improvement retailer’s stock after selling 450 shares during the period. Doyle Wealth Management’s holdings in Home Depot were worth $2,013,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the business. Fiera Capital Corp boosted its position in shares of Home Depot by 83.7% during the 2nd quarter. Fiera Capital Corp now owns 6,860 shares of the home improvement retailer’s stock worth $1,338,000 after purchasing an additional 3,125 shares during the period. Pinnacle Financial Partners Inc. raised its holdings in shares of Home Depot by 13.5% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 21,114 shares of the home improvement retailer’s stock valued at $4,374,000 after purchasing an additional 2,504 shares in the last quarter. Parsons Capital Management Inc. RI raised its holdings in shares of Home Depot by 1.9% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 49,045 shares of the home improvement retailer’s stock valued at $9,569,000 after purchasing an additional 938 shares in the last quarter. Physicians Financial Services Inc. raised its holdings in shares of Home Depot by 3.3% in the 2nd quarter. Physicians Financial Services Inc. now owns 8,676 shares of the home improvement retailer’s stock valued at $1,693,000 after purchasing an additional 280 shares in the last quarter. Finally, Sanders Morris Harris LLC raised its holdings in shares of Home Depot by 5.6% in the 3rd quarter. Sanders Morris Harris LLC now owns 5,619 shares of the home improvement retailer’s stock valued at $1,164,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.
A number of equities research analysts have recently weighed in on HD shares. Bank of America lowered shares of Home Depot from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $219.00 to $195.00 in a report on Friday, November 16th. Wells Fargo & Co dropped their target price on shares of Home Depot from $230.00 to $220.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $204.00 target price (down from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Finally, ValuEngine downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Home Depot presently has a consensus rating of “Buy” and a consensus target price of $204.60.
HD opened at $185.52 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $215.43. The company has a market cap of $207.16 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 earnings per share. On average, research analysts predict that Home Depot Inc will post 9.8 earnings per share for the current fiscal year.
In other news, EVP Ann Marie Campbell sold 13,457 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the completion of the transaction, the executive vice president now owns 56,198 shares in the company, valued at $9,702,022.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wayne M. Hewett purchased 250 shares of the stock in a transaction dated Wednesday, November 21st. The shares were purchased at an average price of $169.62 per share, with a total value of $42,405.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $508,860. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by corporate insiders.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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