Lenox Wealth Management Inc. Grows Position in Home Depot Inc (NYSE:HD)

Share on StockTwits

Lenox Wealth Management Inc. boosted its stake in shares of Home Depot Inc (NYSE:HD) by 4.7% during the 3rd quarter, Holdings Channel reports. The firm owned 4,789 shares of the home improvement retailer’s stock after acquiring an additional 215 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Home Depot were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HD. Bath Savings Trust Co boosted its holdings in Home Depot by 7.7% in the second quarter. Bath Savings Trust Co now owns 29,458 shares of the home improvement retailer’s stock worth $6,127,000 after purchasing an additional 2,109 shares during the last quarter. Cox Capital Mgt LLC boosted its holdings in Home Depot by 3.1% in the second quarter. Cox Capital Mgt LLC now owns 14,935 shares of the home improvement retailer’s stock worth $3,106,000 after purchasing an additional 453 shares during the last quarter. Thomasville National Bank boosted its holdings in Home Depot by 17.7% in the second quarter. Thomasville National Bank now owns 9,159 shares of the home improvement retailer’s stock worth $1,905,000 after purchasing an additional 1,377 shares during the last quarter. LVM Capital Management Ltd. MI raised its position in Home Depot by 2.5% in the second quarter. LVM Capital Management Ltd. MI now owns 44,736 shares of the home improvement retailer’s stock worth $9,304,000 after acquiring an additional 1,100 shares during the period. Finally, Baystate Wealth Management LLC raised its position in Home Depot by 2.2% in the second quarter. Baystate Wealth Management LLC now owns 3,169 shares of the home improvement retailer’s stock worth $666,000 after acquiring an additional 69 shares during the period. 70.02% of the stock is currently owned by institutional investors.

Shares of HD stock traded down $0.10 on Friday, hitting $232.84. 2,038,410 shares of the stock traded hands, compared to its average volume of 2,590,316. The firm has a market cap of $254.29 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.31 and a beta of 1.04. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $238.99. The firm has a 50 day simple moving average of $232.23 and a two-hundred day simple moving average of $214.66.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.07 by $0.10. The firm had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $3.05 EPS. Analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current fiscal year.

HD has been the topic of several recent research reports. Wells Fargo & Co increased their price target on shares of Home Depot from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Oppenheimer increased their price target on shares of Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Citigroup increased their price target on shares of Home Depot from $246.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Wolfe Research initiated coverage on shares of Home Depot in a research report on Tuesday, October 8th. They issued a “buy” rating and a $260.00 price target on the stock. Finally, Loop Capital increased their price target on shares of Home Depot to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company’s stock. Home Depot currently has an average rating of “Buy” and an average target price of $229.77.

In other Home Depot news, CFO Carol B. Tome sold 145,400 shares of Home Depot stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the sale, the chief financial officer now directly owns 496,374 shares in the company, valued at approximately $108,725,760.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William G. Lennie sold 9,200 shares of Home Depot stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the sale, the executive vice president now owns 84,123 shares in the company, valued at $18,511,266.15. The disclosure for this sale can be found here. Insiders have sold a total of 177,508 shares of company stock worth $39,076,428 over the last 90 days. Insiders own 0.27% of the company’s stock.

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Read More: How is a price target determined?

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

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.