Kelman Lazarov Inc. Reduces Position in Home Depot Inc (NYSE:HD)

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Kelman Lazarov Inc. decreased its stake in shares of Home Depot Inc (NYSE:HD) by 10.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,216 shares of the home improvement retailer’s stock after selling 143 shares during the quarter. Kelman Lazarov Inc.’s holdings in Home Depot were worth $305,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HD. Your Advocates Ltd. LLP purchased a new stake in shares of Home Depot in the first quarter valued at $27,000. Lion Street Advisors LLC purchased a new stake in shares of Home Depot in the first quarter valued at $28,000. Price Wealth LLC grew 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 valued at $31,000 after purchasing an additional 72 shares during the period. Selective Wealth Management Inc. grew 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 valued at $35,000 after purchasing an additional 100 shares during the period. Finally, Cordasco Financial Network grew 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 valued at $46,000 after purchasing an additional 135 shares during the period. 69.65% of the stock is owned by institutional investors and hedge funds.

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

A number of research firms have issued reports on HD. Stifel Nicolaus boosted their price target on Home Depot from $260.00 to $276.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. CSFB boosted their price target on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Jefferies Financial Group boosted their price target on Home Depot from $228.00 to $269.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Robert W. Baird boosted their price objective on Home Depot from $215.00 to $265.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Finally, Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price objective on the stock in a research note on Monday, June 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Home Depot has an average rating of “Buy” and a consensus target price of $256.30.

Shares of NYSE HD opened at $265.49 on Friday. The stock’s 50 day moving average price is $252.21 and its two-hundred day moving average price is $229.53. Home Depot Inc has a 52-week low of $140.63 and a 52-week high of $269.07. The stock has a market capitalization of $285.54 billion, a P/E ratio of 26.39, a PEG ratio of 2.31 and a beta of 1.06.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 net margin of 9.79% and a negative return on equity of 496.11%. The firm had revenue of $28.26 billion for the quarter, compared to analyst estimates of $27.59 billion. During the same quarter in the previous year, the company earned $2.27 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Home Depot Inc will post 10.09 EPS for the current fiscal year.

Home Depot Company 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: What is the return on assets (ROA) ratio?

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)

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