Mitchell Capital Management Co. trimmed its position in Home Depot Inc (NYSE:HD) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,118 shares of the home improvement retailer’s stock after selling 137 shares during the quarter. Home Depot comprises approximately 1.5% of Mitchell Capital Management Co.’s holdings, making the stock its 10th biggest position. Mitchell Capital Management Co.’s holdings in Home Depot were worth $4,789,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Your Advocates Ltd. LLP bought a new position in shares of Home Depot in the first quarter worth approximately $27,000. Lion Street Advisors LLC bought a new position in shares of Home Depot in the first quarter worth approximately $28,000. Price Wealth LLC boosted its position in shares of Home Depot by 138.5% in the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 72 shares during the period. Selective Wealth Management Inc. boosted its position in shares of Home Depot by 243.9% in the second quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 100 shares during the period. Finally, Cordasco Financial Network boosted its position in shares of Home Depot by 120.5% in the first quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock worth $46,000 after purchasing an additional 135 shares during the period. 69.65% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on HD shares. Nomura Instinet upped their price target on shares of Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Stifel Nicolaus upped their target price on shares of Home Depot from $260.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Gordon Haskett lowered shares of Home Depot from an “accumulate” rating to a “hold” rating in a research report on Wednesday, April 22nd. CSFB upped their target price 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. Finally, Royal Bank of Canada upped their target price on shares of Home Depot from $261.00 to $266.00 in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and a consensus price target of $256.30.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. During the same quarter in the previous year, the company earned $2.27 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Research analysts predict that Home Depot Inc will post 10.09 earnings per share for the current year.
In related news, EVP William G. Lennie sold 17,993 shares of the 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 $12,840,668.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% 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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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