Home Depot, Inc. (The) (HD) Position Cut by Sit Investment Associates Inc.

Sit Investment Associates Inc. decreased its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 329,347 shares of the home improvement retailer’s stock after selling 18,325 shares during the period. Home Depot, Inc. (The) makes up about 1.2% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 11th largest position. Sit Investment Associates Inc.’s holdings in Home Depot, Inc. (The) were worth $50,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Heritage Way Advisors LLC bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth about $1,880,000. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth about $1,564,000. Independent Advisor Alliance bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth about $4,634,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth about $139,356,000. Finally, Lebenthal Asset Management LLC raised its position in shares of Home Depot, Inc. (The) by 1.4% in the fourth quarter. Lebenthal Asset Management LLC now owns 66,937 shares of the home improvement retailer’s stock worth $8,974,000 after buying an additional 899 shares during the last quarter. Institutional investors and hedge funds own 71.52% of the company’s stock.

Home Depot, Inc. (NYSE HD) traded down 0.28% during trading on Thursday, reaching $154.83. 1,798,044 shares of the company’s stock traded hands. The stock has a market cap of $185.11 billion, a P/E ratio of 23.17 and a beta of 1.08. The firm’s 50 day moving average price is $151.43 and its 200-day moving average price is $149.46. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. On average, equities analysts anticipate that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on HD. Vetr lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target on the stock. in a research note on Monday, June 19th. Barclays PLC restated an “overweight” rating and set a $165.00 price target (up previously from $150.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. UBS AG restated a “buy” rating and set a $175.00 price target (up previously from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Citigroup Inc. restated a “buy” rating and set a $179.00 price target (up previously from $168.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Finally, Oppenheimer Holdings, Inc. set a $178.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $164.72.

In related news, Director Wayne M. Hewett bought 350 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $157.11 per share, for a total transaction of $54,988.50. Following the transaction, the director now owns 1,400 shares of the company’s stock, valued at $219,954. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the sale, the executive vice president now owns 46,294 shares in the company, valued at $7,197,328.18. The disclosure for this sale can be found here. Insiders have sold a total of 128,900 shares of company stock worth $20,167,386 over the last 90 days. Insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

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

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

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