Meeder Asset Management Inc. boosted its position in shares of Home Depot Inc (NYSE:HD) by 68.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,420 shares of the home improvement retailer’s stock after buying an additional 8,725 shares during the period. Meeder Asset Management Inc.’s holdings in Home Depot were worth $4,437,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Amussen Hunsaker Associates LLC acquired a new position in shares of Home Depot in the second quarter valued at approximately $107,000. CSat Investment Advisory L.P. acquired a new position in shares of Home Depot in the second quarter valued at approximately $112,000. Mainstay Capital Management LLC ADV increased its holdings in shares of Home Depot by 203.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock valued at $116,000 after purchasing an additional 400 shares during the period. RPg Family Wealth Advisory LLC increased its holdings in shares of Home Depot by 84.6% in the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock valued at $117,000 after purchasing an additional 275 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Home Depot by 162.0% in the third quarter. Capital Advisors Ltd. LLC now owns 613 shares of the home improvement retailer’s stock valued at $127,000 after buying an additional 379 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors.
HD opened at $179.41 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68. The firm has a market cap of $203.01 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.42 and a beta of 1.17. Home Depot Inc has a one year low of $158.09 and a one year high of $215.43.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. The company had revenue of $26.30 billion for the quarter, compared to the consensus estimate of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. Home Depot’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 earnings per share. On average, equities analysts anticipate that Home Depot Inc will post 9.81 earnings per share for the current year.
HD has been the topic of a number of analyst reports. Wells Fargo & Co restated a “buy” rating and issued a $230.00 price target on shares of Home Depot in a research note on Sunday, September 16th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research note on Friday, October 5th. Credit Suisse Group restated a “neutral” rating and issued a $204.00 price target (down from $222.00) on shares of Home Depot in a research note on Wednesday, October 17th. UBS Group decreased their price target on Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Finally, Stifel Nicolaus decreased their price target on Home Depot from $225.00 to $200.00 and set a “positive” rating on the stock in a research note on Wednesday, November 14th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Home Depot presently has an average rating of “Buy” and an average target price of $204.60.
In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the sale, the chief executive officer now directly owns 264,970 shares in the company, valued at $47,805,887.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 7,203 shares of the business’s stock in a transaction on Friday, December 7th. The stock was sold at an average price of $177.45, for a total value of $1,278,172.35. Following the sale, the executive vice president now owns 23,109 shares in the company, valued at $4,100,692.05. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 13,750 shares of company stock worth $2,401,470 and have sold 137,987 shares worth $24,769,526. 0.25% of the stock is currently owned by insiders.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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