NewFocus Financial Group LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,836 shares of the home improvement retailer’s stock after purchasing an additional 445 shares during the quarter. NewFocus Financial Group LLC’s holdings in The Home Depot were worth $1,285,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the stock. Jensen Investment Management Inc. bought a new position in shares of The Home Depot during the third quarter valued at $224,716,000. AJO LP grew its position in The Home Depot by 1,377.3% during the 3rd quarter. AJO LP now owns 598,261 shares of the home improvement retailer’s stock valued at $166,142,000 after purchasing an additional 557,765 shares during the last quarter. Acadian Asset Management LLC increased its stake in The Home Depot by 139.2% during the 3rd quarter. Acadian Asset Management LLC now owns 818,182 shares of the home improvement retailer’s stock valued at $227,215,000 after purchasing an additional 476,103 shares in the last quarter. Morgan Stanley raised its holdings in The Home Depot by 5.0% in the third quarter. Morgan Stanley now owns 9,970,350 shares of the home improvement retailer’s stock worth $2,768,863,000 after buying an additional 470,651 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in The Home Depot by 37.3% in the third quarter. CIBC Private Wealth Group LLC now owns 1,690,406 shares of the home improvement retailer’s stock worth $469,276,000 after buying an additional 459,661 shares during the last quarter. 68.71% of the stock is currently owned by institutional investors.
HD stock opened at $270.82 on Monday. The business’s 50-day moving average price is $271.46 and its 200-day moving average price is $274.21. The stock has a market cap of $291.57 billion, a P/E ratio of 23.43, a PEG ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a twelve month low of $140.63 and a twelve month high of $292.95. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39.
The Home Depot (NYSE:HD) last announced its quarterly earnings data on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.08 by $0.10. The firm had revenue of $33.54 billion during the quarter, compared to analysts’ expectations of $32.03 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. During the same period in the prior year, the company posted $2.53 earnings per share. On average, equities research analysts expect that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.
In other The Home Depot news, COO Edward P. Decker sold 25,595 shares of the stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $269.40, for a total transaction of $6,895,293.00. Following the completion of the sale, the chief operating officer now directly owns 97,352 shares of the company’s stock, valued at approximately $26,226,628.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 120 shares of The Home Depot stock in a transaction that occurred on Friday, November 20th. The shares were sold at an average price of $269.03, for a total transaction of $32,283.60. Following the sale, the executive vice president now owns 46,611 shares in the company, valued at approximately $12,539,757.33. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Bank of America raised their price target on shares of The Home Depot from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. BNP Paribas began coverage on The Home Depot in a report on Monday, October 5th. They issued an “outperform” rating and a $310.00 target price for the company. Guggenheim upgraded The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target for the company in a research note on Wednesday, January 13th. Morgan Stanley upped their price target on The Home Depot from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, December 4th. Finally, Telsey Advisory Group upgraded The Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $300.00 to $315.00 in a report on Monday, November 16th. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $293.25.
About The 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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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