Home Depot, Inc. (The) (HD) Shares Bought by Wright Investors Service Inc.

Wright Investors Service Inc. boosted its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 6.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,628 shares of the home improvement retailer’s stock after buying an additional 1,910 shares during the period. Home Depot, Inc. (The) comprises about 1.9% of Wright Investors Service Inc.’s holdings, making the stock its 5th largest position. Wright Investors Service Inc.’s holdings in Home Depot, Inc. (The) were worth $4,791,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Advantage Investment Management LLC purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth approximately $103,000. CT Financial Advisors LLC increased its position in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in Home Depot, Inc. (The) during the fourth quarter valued at about $131,000. University of Texas Investment Managment Co. bought a new position in Home Depot, Inc. (The) during the first quarter valued at about $132,000. Finally, Peoples Financial Services CORP. increased its position in Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock valued at $151,000 after buying an additional 125 shares in the last quarter. 71.27% of the stock is currently owned by institutional investors and hedge funds.

Home Depot, Inc. (HD) traded up 1.39% during midday trading on Wednesday, reaching $152.25. 6,043,303 shares of the company traded hands. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86. The stock has a market capitalization of $182.02 billion, a price-to-earnings ratio of 22.78 and a beta of 1.08. The firm has a 50 day moving average of $151.38 and a 200-day moving average of $149.98. Home Depot, Inc. (The) also was the target of some unusual options trading on Monday. Traders bought 31,506 put options on the company. This is an increase of approximately 331% compared to the typical volume of 7,312 put options.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.97 earnings per share. Analysts forecast that Home Depot, Inc. will post $7.25 EPS for the current fiscal year.

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HD has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $176.00 target price on shares of Home Depot, Inc. (The) in a report on Friday, June 16th. Robert W. Baird set a $175.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Tuesday, April 25th. Vetr cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price for the company. in a report on Monday, June 19th. Finally, Atlantic Securities cut shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 target price for the company. in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company. Home Depot, Inc. (The) has an average rating of “Buy” and an average target price of $167.31.

In other news, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the sale, the executive vice president now directly owns 46,294 shares in the company, valued at $7,197,328.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) 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.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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