Pegasus Partners Ltd. raised its stake in Home Depot, Inc. (The) (NYSE:HD) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,333 shares of the home improvement retailer’s stock after buying an additional 13 shares during the period. Pegasus Partners Ltd.’s holdings in Home Depot, Inc. (The) were worth $1,664,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Advantage Investment Management LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at about $103,000. CT Financial Advisors LLC boosted its stake 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 worth $111,000 after buying an additional 3 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Home Depot, Inc. (The) during the fourth quarter worth $131,000. University of Texas Investment Managment Co. acquired a new stake in Home Depot, Inc. (The) during the first quarter worth $132,000. Finally, Peoples Financial Services CORP. boosted its stake 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 worth $151,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 71.48% of the company’s stock.
Home Depot, Inc. (NYSE:HD) traded up 1.30% during midday trading on Friday, reaching $152.75. 3,258,581 shares of the company traded hands. The firm has a market capitalization of $182.62 billion, a price-to-earnings ratio of 22.86 and a beta of 1.08. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86. The firm’s 50 day moving average price is $152.13 and its 200 day moving average price is $148.91.
Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. The business had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. On average, analysts expect that Home Depot, Inc. will post $7.24 earnings per share for the current year.
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A number of analysts have recently commented on HD shares. Vetr cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price on the stock. in a research report on Monday, June 19th. Barclays PLC reissued an “overweight” rating and set a $165.00 price target (up previously from $150.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $176.00 price target on shares of Home Depot, Inc. (The) in a report on Friday, June 16th. Citigroup Inc. reaffirmed a “buy” rating and issued a $179.00 price objective (up previously from $168.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, BTIG Research lifted their price objective on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $164.68.
In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were 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 of the company’s stock, valued at $7,197,328.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 7,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the completion of the transaction, the executive vice president now directly owns 54,091 shares in the company, valued at $8,468,486.96. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock worth $20,167,386 over the last ninety days. Insiders own 0.26% of the company’s stock.
About Home Depot, Inc. (The)
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.
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