Home Depot Inc (HD) Position Boosted by Andra AP fonden

Andra AP fonden raised its position in shares of Home Depot Inc (NYSE:HD) by 2.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,500 shares of the home improvement retailer’s stock after purchasing an additional 2,201 shares during the period. Andra AP fonden’s holdings in Home Depot were worth $17,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Trust LLC increased its holdings in shares of Home Depot by 12.8% in the second quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock worth $3,119,000 after buying an additional 2,309 shares during the period. APG Asset Management N.V. increased its holdings in shares of Home Depot by 6.3% in the third quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock worth $366,731,000 after buying an additional 133,300 shares during the period. IFP Advisors Inc increased its holdings in shares of Home Depot by 3.0% in the second quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock worth $11,295,000 after buying an additional 2,133 shares during the period. Smithfield Trust Co. increased its holdings in shares of Home Depot by 0.3% in the second quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock worth $1,287,000 after buying an additional 25 shares during the period. Finally, BP PLC increased its holdings in shares of Home Depot by 16.2% in the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock worth $27,459,000 after buying an additional 25,000 shares during the period. Institutional investors and hedge funds own 70.18% of the company’s stock.

In other news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the transaction, the executive vice president now directly owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by company insiders.

HD has been the topic of several analyst reports. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $177.00 price objective on the stock in a report on Thursday, September 21st. Robert W. Baird set a $185.00 price objective on Home Depot and gave the stock a “buy” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Oppenheimer set a $178.00 price objective on Home Depot and gave the stock a “buy” rating in a report on Tuesday, November 14th. Bank of America raised their target price on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Royal Bank of Canada set a $179.00 target price on Home Depot and gave the stock a “buy” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $183.28.

Shares of Home Depot Inc (NYSE HD) opened at $196.31 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. The firm has a market capitalization of $229,240.00, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11. Home Depot Inc has a 12-month low of $134.60 and a 12-month high of $199.42.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same period in the previous year, the firm posted $1.60 EPS. The business’s revenue was up 8.1% on a year-over-year basis. equities research analysts anticipate that Home Depot Inc will post 7.39 earnings per share for the current year.

Home Depot declared that its board has initiated a stock buyback plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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Home Depot Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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