Smith Moore & CO. lifted its position in Home Depot Inc (NYSE:HD) by 20.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,758 shares of the home improvement retailer’s stock after purchasing an additional 1,508 shares during the period. Smith Moore & CO.’s holdings in Home Depot were worth $1,432,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of HD. Becker Capital Management Inc. purchased a new stake in Home Depot in the third quarter worth $360,000. RFG Advisory Group LLC lifted its stake in Home Depot by 93.9% in the third quarter. RFG Advisory Group LLC now owns 3,624 shares of the home improvement retailer’s stock worth $600,000 after acquiring an additional 1,755 shares during the period. Penobscot Investment Management Company Inc. lifted its stake in Home Depot by 3.4% in the third quarter. Penobscot Investment Management Company Inc. now owns 13,352 shares of the home improvement retailer’s stock worth $2,184,000 after acquiring an additional 435 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Home Depot by 48.4% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,905 shares of the home improvement retailer’s stock worth $639,000 after acquiring an additional 1,273 shares during the period. Finally, Cambridge Trust Co. lifted its stake in Home Depot by 2.1% in the third quarter. Cambridge Trust Co. now owns 94,851 shares of the home improvement retailer’s stock worth $15,514,000 after acquiring an additional 1,946 shares during the period. Hedge funds and other institutional investors own 70.18% of the company’s stock.
Home Depot Inc (NYSE:HD) opened at $196.42 on Tuesday. 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 company has a market capitalization of $229,369.27, a price-to-earnings ratio of 27.28, 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.
Home Depot declared that its board has initiated a stock repurchase program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
A number of analysts recently commented on the company. Deutsche Bank raised their price target on Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Argus raised their price target on Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Robert W. Baird set a $175.00 price target on Home Depot and gave the stock a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Atlantic Securities raised Home Depot from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $174.16 to $174.95 in a research note on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $183.28.
In other news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by insiders.
Home Depot Company 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.
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).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with our FREE daily email newsletter.