Gerber Kawasaki Wealth & Investment Management raised its position in Home Depot Inc (NYSE:HD) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,494 shares of the home improvement retailer’s stock after purchasing an additional 3,355 shares during the quarter. Home Depot accounts for approximately 2.1% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 15th largest position. Gerber Kawasaki Wealth & Investment Management’s holdings in Home Depot were worth $7,783,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Amussen Hunsaker Associates LLC acquired a new stake in Home Depot during the second quarter worth approximately $107,000. CSat Investment Advisory L.P. acquired a new position in shares of Home Depot in the 2nd quarter valued at $112,000. Mainstay Capital Management LLC ADV boosted its holdings in shares of Home Depot by 203.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock valued at $116,000 after purchasing an additional 400 shares during the last quarter. RPg Family Wealth Advisory LLC boosted its holdings in shares of Home Depot by 84.6% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock valued at $117,000 after purchasing an additional 275 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Home Depot by 162.0% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 613 shares of the home improvement retailer’s stock valued at $127,000 after purchasing an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.
Shares of NYSE HD traded up $2.89 during midday trading on Wednesday, reaching $188.41. The company’s stock had a trading volume of 4,146,912 shares, compared to its average volume of 4,359,259. Home Depot Inc has a one year low of $158.09 and a one year high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. The company has a market capitalization of $211.58 billion, a P/E ratio of 25.26, a PEG ratio of 1.40 and a beta of 1.10.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business had revenue of $26.30 billion for the quarter, compared to analyst estimates of $26.23 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Home Depot Inc will post 9.8 earnings per share for the current year.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 7,203 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $177.45, for a total value of $1,278,172.35. Following the completion of the sale, the executive vice president now directly owns 23,109 shares of the company’s stock, valued at $4,100,692.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark C. Vadon bought 11,500 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was acquired at an average cost of $174.27 per share, with a total value of $2,004,105.00. Following the completion of the transaction, the director now directly owns 31,095 shares of the company’s stock, valued at $5,418,925.65. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.
Several brokerages have weighed in on HD. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, October 16th. Credit Suisse Group reissued a “neutral” rating and set a $204.00 price objective (down from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Wells Fargo & Co decreased their price target on shares of Home Depot from $230.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Finally, Morgan Stanley decreased their price target on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, October 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $204.60.
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Home Depot Profile
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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