Ballast Advisors LLC Has $407,000 Position in Home Depot Inc (NYSE:HD)

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Ballast Advisors LLC grew its holdings in Home Depot Inc (NYSE:HD) by 35.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,624 shares of the home improvement retailer’s stock after purchasing an additional 423 shares during the quarter. Ballast Advisors LLC’s holdings in Home Depot were worth $407,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Home Depot in the first quarter valued at about $153,000. Foundations Investment Advisors LLC lifted its stake in Home Depot by 17.7% during the first quarter. Foundations Investment Advisors LLC now owns 3,298 shares of the home improvement retailer’s stock worth $589,000 after purchasing an additional 495 shares during the period. Budros Ruhlin & Roe Inc. lifted its stake in Home Depot by 20.6% during the first quarter. Budros Ruhlin & Roe Inc. now owns 6,718 shares of the home improvement retailer’s stock worth $1,254,000 after purchasing an additional 1,147 shares during the period. Cornerstone Wealth Management LLC lifted its stake in Home Depot by 10.2% during the first quarter. Cornerstone Wealth Management LLC now owns 3,099 shares of the home improvement retailer’s stock worth $579,000 after purchasing an additional 286 shares during the period. Finally, Natixis Advisors L.P. lifted its stake in Home Depot by 0.9% during the first quarter. Natixis Advisors L.P. now owns 412,064 shares of the home improvement retailer’s stock worth $76,936,000 after purchasing an additional 3,715 shares during the period. 69.65% of the stock is currently owned by institutional investors.

HD has been the subject of a number of analyst reports. Wells Fargo & Co raised their price target on shares of Home Depot from $270.00 to $295.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Raymond James raised their price target on shares of Home Depot from $245.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Barclays reaffirmed a “buy” rating and set a $260.00 target price (up previously from $235.00) on shares of Home Depot in a report on Wednesday, May 20th. Telsey Advisory Group lifted their price target on shares of Home Depot from $220.00 to $250.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 20th. Finally, Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price target on the stock in a research report on Monday, June 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $256.30.

NYSE HD opened at $265.49 on Friday. The company has a market capitalization of $285.54 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $269.07. The firm has a 50-day moving average price of $252.21 and a two-hundred day moving average price of $229.53.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The firm had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. During the same period last year, the company posted $2.27 EPS. The business’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts forecast that Home Depot Inc will post 10.09 earnings per share for the current fiscal year.

In other news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the sale, the executive vice president now owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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

See Also: Price to Earnings Ratio (PE) Basics

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

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