IFP Advisors Inc Has $12.36 Million Position in Home Depot Inc (HD)

IFP Advisors Inc raised its holdings in Home Depot Inc (NYSE:HD) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,576 shares of the home improvement retailer’s stock after purchasing an additional 1,945 shares during the period. IFP Advisors Inc’s holdings in Home Depot were worth $12,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Janus Henderson Group PLC raised its position in shares of Home Depot by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after buying an additional 3,162,631 shares during the last quarter. Harbour Capital Advisors LLC raised its position in shares of Home Depot by 15,121.1% in the second quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after buying an additional 1,852,784 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Home Depot in the second quarter valued at approximately $133,780,000. Parametric Portfolio Associates LLC raised its position in shares of Home Depot by 35.2% in the second quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after buying an additional 850,074 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Home Depot by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after buying an additional 761,586 shares during the last quarter. 70.18% of the stock is currently owned by institutional investors.

Shares of Home Depot Inc (HD) traded up $1.74 during trading hours on Monday, hitting $196.42. 6,748,104 shares of the company’s stock were exchanged, compared to its average volume of 4,197,178. The firm has a market capitalization of $229,370.00, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11. Home Depot Inc has a 52 week low of $134.60 and a 52 week high of $199.42. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share. sell-side analysts predict that Home Depot Inc will post 7.38 earnings per share for the current fiscal year.

Home Depot announced that its Board of Directors has authorized a share buyback program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Several brokerages recently commented on HD. Telsey Advisory Group upped their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $195.00 price target on shares of Home Depot in a research report on Thursday, November 30th. SunTrust Banks upped their price target on shares of Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Bank of America upped their price target on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Home Depot has an average rating of “Buy” and a consensus target price of $183.28.

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About Home Depot

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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