Lyell Wealth Management LP Raises Stake in Home Depot Inc (NYSE:HD)

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Lyell Wealth Management LP boosted its position in Home Depot Inc (NYSE:HD) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,126 shares of the home improvement retailer’s stock after buying an additional 1,036 shares during the period. Home Depot makes up approximately 1.7% of Lyell Wealth Management LP’s investment portfolio, making the stock its 20th largest holding. Lyell Wealth Management LP’s holdings in Home Depot were worth $7,797,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Your Advocates Ltd. LLP purchased a new stake in Home Depot in the 1st quarter worth approximately $27,000. Lion Street Advisors LLC purchased a new stake in Home Depot in the 1st quarter worth approximately $28,000. Price Wealth LLC boosted its position in Home Depot by 138.5% in the 2nd quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. Selective Wealth Management Inc. boosted its position in Home Depot by 243.9% in the 2nd 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 in the last quarter. Finally, Cordasco Financial Network boosted its position in Home Depot by 120.5% in the 1st quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock worth $46,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 69.65% of the company’s stock.

Several equities research analysts have commented on HD shares. Morgan Stanley upped their price objective on Home Depot from $245.00 to $260.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Gordon Haskett lowered Home Depot from an “accumulate” rating to a “hold” rating in a research report on Wednesday, April 22nd. 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 report on Monday, June 1st. Nomura upped their target price on Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, UBS Group upped their target price on Home Depot from $265.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $256.30.

Shares of NYSE:HD opened at $265.49 on Friday. The business has a fifty day moving average of $252.21 and a two-hundred day moving average of $229.53. The stock has a market cap 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 Inc has a 52-week low of $140.63 and a 52-week high of $269.07.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The business’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 company posted $2.27 earnings per share. Analysts predict that Home Depot Inc will post 10.09 EPS for the current year.

In other news, EVP William G. Lennie sold 17,993 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 54,405 shares in the company, valued at approximately $12,840,668.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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