Brasada Capital Management LP increased its stake in Home Depot Inc (NYSE:HD) by 11.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,393 shares of the home improvement retailer’s stock after purchasing an additional 353 shares during the quarter. Brasada Capital Management LP’s holdings in Home Depot were worth $703,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amussen Hunsaker Associates LLC purchased a new position in Home Depot during the 2nd quarter valued at about $107,000. CSat Investment Advisory L.P. purchased a new position in shares of Home Depot during the 2nd quarter worth approximately $112,000. Mainstay Capital Management LLC ADV grew its holdings in shares of Home Depot by 203.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after acquiring an additional 400 shares during the period. RPg Family Wealth Advisory LLC grew its holdings in shares of Home Depot by 84.6% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after acquiring an additional 275 shares during the period. Finally, Fort L.P. purchased a new position in shares of Home Depot during the 2nd quarter worth approximately $120,000. Institutional investors own 71.53% of the company’s stock.
In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total value of $21,168,137.34. Following the completion of the sale, the chief executive officer now owns 264,970 shares in the company, valued at approximately $47,805,887.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Manuel Kadre purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was acquired at an average price of $177.48 per share, with a total value of $354,960.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $354,960. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 13,750 shares of company stock valued at $2,401,470 and sold 137,987 shares valued at $24,769,526. Corporate insiders own 0.25% of the company’s stock.
Shares of NYSE:HD traded down $1.62 during midday trading on Monday, hitting $182.92. The company had a trading volume of 3,653,202 shares, compared to its average volume of 4,385,096. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market capitalization of $207.16 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $215.43.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping the consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion during the quarter, compared to analyst estimates of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. Home Depot’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.84 EPS. On average, equities research analysts expect that Home Depot Inc will post 9.8 earnings per share for the current fiscal year.
A number of research analysts have weighed in on HD shares. Bank of America downgraded Home Depot from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $219.00 to $195.00 in a report on Friday, November 16th. Wells Fargo & Co cut their price target on Home Depot from $230.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. Credit Suisse Group restated a “neutral” rating and issued a $204.00 price target (down previously from $222.00) on shares of Home Depot in a research note on Wednesday, October 17th. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Finally, ValuEngine downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $204.60.
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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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