First Long Island Investors LLC Maintains Stake in The Home Depot Inc. (HD)

First Long Island Investors LLC continued to hold its position in shares of The Home Depot Inc. (NYSE:HD) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 77,693 shares of the home improvement retailer’s stock at the end of the second quarter. The Home Depot makes up about 2.0% of First Long Island Investors LLC’s portfolio, making the stock its 21st largest position. First Long Island Investors LLC’s holdings in The Home Depot were worth $10,367,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First PREMIER Bank boosted its stake in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock valued at $113,000 after buying an additional 200 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in The Home Depot by 35.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 917 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 239 shares during the period. Glassman Wealth Services boosted its stake in The Home Depot by 8.0% in the second quarter. Glassman Wealth Services now owns 1,008 shares of the home improvement retailer’s stock valued at $129,000 after buying an additional 75 shares during the period. Global X Management Co. LLC boosted its stake in The Home Depot by 218.8% in the second quarter. Global X Management Co. LLC now owns 1,170 shares of the home improvement retailer’s stock valued at $149,000 after buying an additional 803 shares during the period. Finally, Proficio Capital Partners LLC boosted its stake in The Home Depot by 23.7% in the second quarter. Proficio Capital Partners LLC now owns 1,131 shares of the home improvement retailer’s stock valued at $156,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 71.87% of the company’s stock.

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

The Home Depot Inc. (NYSE:HD) opened at 126.42 on Monday. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00. The company has a market cap of $156.20 billion, a P/E ratio of 21.40 and a beta of 0.97. The stock’s 50 day moving average price is $129.05 and its 200-day moving average price is $132.39.

The Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.97. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The firm had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. During the same quarter last year, the business posted $1.71 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that The Home Depot Inc. will post $6.33 earnings per share for the current fiscal year.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of The Home Depot from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a report on Tuesday, October 4th. Vetr lowered The Home Depot from a “buy” rating to a “hold” rating and set a $132.30 price objective for the company. in a research report on Monday, October 3rd. Morgan Stanley set a $145.00 price objective on The Home Depot and gave the company a “hold” rating in a research report on Wednesday, September 28th. Argus reissued a “hold” rating and set a $154.00 price objective on shares of The Home Depot in a research report on Friday, September 16th. Finally, Jefferies Group reissued a “buy” rating on shares of The Home Depot in a research report on Monday, September 12th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The Home Depot presently has an average rating of “Buy” and an average price target of $146.86.

In related news, CFO Carol B. Tome sold 97,610 shares of The Home Depot stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the transaction, the chief financial officer now owns 644,831 shares in the company, valued at $87,277,875.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Matt Carey sold 29,357 shares of The Home Depot stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total value of $4,000,184.82. Following the transaction, the executive vice president now owns 88,872 shares in the company, valued at approximately $12,109,698.72. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

About The Home Depot

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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

Receive News & Ratings for The Home Depot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

McDonald’s Keeping As Much As 25% in Hong Kong and China Stores
McDonald’s Keeping As Much As 25% in Hong Kong and China Stores
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
GoPro Planning to Cut 200 Jobs
GoPro Planning to Cut 200 Jobs
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Retailers Anticipating Strong Support for Small Business Saturday
Retailers Anticipating Strong Support for Small Business Saturday
Eli Lilly Alzheimer’s Drug Does Not Pass the Test
Eli Lilly Alzheimer’s Drug Does Not Pass the Test


 
© 2006-2016 Ticker Report. Google+.