Koshinski Asset Management Inc. lifted its holdings in shares of Home Depot Inc (NYSE:HD) by 19.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,626 shares of the home improvement retailer’s stock after purchasing an additional 1,384 shares during the period. Koshinski Asset Management Inc.’s holdings in Home Depot were worth $2,161,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Home Depot during the first quarter valued at approximately $153,000. Foundations Investment Advisors LLC boosted its holdings in shares of 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 last quarter. Budros Ruhlin & Roe Inc. grew its position in shares of Home Depot by 20.6% in the first quarter. Budros Ruhlin & Roe Inc. now owns 6,718 shares of the home improvement retailer’s stock valued at $1,254,000 after purchasing an additional 1,147 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Home Depot by 10.2% in the first quarter. Cornerstone Wealth Management LLC now owns 3,099 shares of the home improvement retailer’s stock valued at $579,000 after purchasing an additional 286 shares during the period. Finally, Natixis Advisors L.P. increased its stake in Home Depot by 0.9% in the first quarter. Natixis Advisors L.P. now owns 412,064 shares of the home improvement retailer’s stock valued at $76,936,000 after purchasing an additional 3,715 shares during the last quarter. Hedge funds and other institutional investors own 69.65% of the company’s stock.
A number of research analysts have recently commented on the stock. Barclays reaffirmed a “buy” rating and set a $260.00 price objective (up previously from $235.00) on shares of Home Depot in a research note on Wednesday, May 20th. CSFB upped 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 Wednesday, May 20th. Gordon Haskett downgraded shares of Home Depot from an “accumulate” rating to a “hold” rating in a research note on Wednesday, April 22nd. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price objective for the company in a research note on Monday, June 1st. Finally, Wedbush upped their price objective on Home Depot from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. One 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 given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $256.30.
NYSE:HD opened at $265.49 on Friday. The stock has a market cap of $285.54 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. Home Depot Inc has a one year low of $140.63 and a one year high of $269.07. The business’s 50-day simple moving average is $252.21 and its 200 day simple moving average is $229.53.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.19). The business had revenue of $28.26 billion for the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. Home Depot’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 earnings per share. As a group, equities research analysts expect that Home Depot Inc will post 10.09 EPS for the current fiscal year.
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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