Home Depot Inc (NYSE:HD) Position Raised by Comerica Securities Inc.

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Comerica Securities Inc. raised its stake in shares of Home Depot Inc (NYSE:HD) by 44.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,590 shares of the home improvement retailer’s stock after acquiring an additional 6,022 shares during the quarter. Comerica Securities Inc.’s holdings in Home Depot were worth $4,058,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Viridian Ria LLC raised its stake in shares of Home Depot by 12.1% during the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after purchasing an additional 255 shares in the last quarter. Eagle Capital Management LLC increased its stake in shares of Home Depot by 1.4% in the third quarter. Eagle Capital Management LLC now owns 19,839 shares of the home improvement retailer’s stock valued at $4,110,000 after buying an additional 265 shares during the period. Exencial Wealth Advisors LLC increased its stake in shares of Home Depot by 6.5% in the second quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock valued at $856,000 after buying an additional 266 shares during the period. Ascension Asset Management LLC increased its stake in shares of Home Depot by 3.8% in the second quarter. Ascension Asset Management LLC now owns 7,555 shares of the home improvement retailer’s stock valued at $1,474,000 after buying an additional 275 shares during the period. Finally, RPg Family Wealth Advisory LLC increased its stake 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 buying an additional 275 shares during the period. 69.75% of the stock is owned by institutional investors.

In other news, EVP Ann Marie Campbell sold 13,457 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total value of $2,323,216.48. Following the sale, the executive vice president now directly owns 56,198 shares in the company, valued at approximately $9,702,022.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 7,203 shares of the firm’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $177.45, for a total transaction of $1,278,172.35. Following the completion of 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 owned by corporate insiders.

Several research firms have commented on HD. Robert W. Baird lowered their price target on shares of Home Depot from $215.00 to $210.00 and set an “outperform” rating on the stock in a report on Tuesday, November 13th. Morgan Stanley decreased their price target on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. Loop Capital decreased their price target on shares of Home Depot from $200.00 to $180.00 and set a “hold” rating for the company in a research note on Tuesday, November 13th. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, Credit Suisse Group set a $204.00 price target on shares of Home Depot and gave the company a “hold” rating in a research note on Tuesday, November 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $204.60.

NYSE HD traded up $0.47 on Friday, reaching $184.54. 2,792,310 shares of the company’s stock traded hands, compared to its average volume of 4,215,310. The company has a market capitalization of $208.44 billion, a PE ratio of 24.74, a P/E/G ratio of 1.40 and a beta of 1.10. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The company had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts expect that Home Depot Inc will post 9.8 earnings per share for the current year.

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About Home Depot

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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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