Homrich & Berg Purchases 911 Shares of Home Depot Inc (NYSE:HD)

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Homrich & Berg increased its position in shares of Home Depot Inc (NYSE:HD) by 0.9% during the third quarter, Holdings Channel reports. The institutional investor owned 103,430 shares of the home improvement retailer’s stock after purchasing an additional 911 shares during the period. Home Depot comprises about 1.2% of Homrich & Berg’s portfolio, making the stock its 9th largest holding. Homrich & Berg’s holdings in Home Depot were worth $23,998,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bath Savings Trust Co boosted its holdings in Home Depot by 7.7% in the second quarter. Bath Savings Trust Co now owns 29,458 shares of the home improvement retailer’s stock worth $6,127,000 after acquiring an additional 2,109 shares in the last quarter. Cox Capital Mgt LLC boosted its holdings in Home Depot by 3.1% in the second quarter. Cox Capital Mgt LLC now owns 14,935 shares of the home improvement retailer’s stock worth $3,106,000 after acquiring an additional 453 shares in the last quarter. Thomasville National Bank boosted its holdings in Home Depot by 17.7% in the second quarter. Thomasville National Bank now owns 9,159 shares of the home improvement retailer’s stock worth $1,905,000 after acquiring an additional 1,377 shares in the last quarter. LVM Capital Management Ltd. MI boosted its holdings in Home Depot by 2.5% in the second quarter. LVM Capital Management Ltd. MI now owns 44,736 shares of the home improvement retailer’s stock worth $9,304,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Baystate Wealth Management LLC boosted its holdings in Home Depot by 2.2% in the second quarter. Baystate Wealth Management LLC now owns 3,169 shares of the home improvement retailer’s stock worth $666,000 after acquiring an additional 69 shares in the last quarter. 69.96% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on HD. KeyCorp reissued a “hold” rating on shares of Home Depot in a report on Wednesday, August 21st. DZ Bank downgraded Home Depot from a “hold” rating to a “sell” rating in a report on Thursday, September 19th. Credit Suisse Group boosted their target price on Home Depot from $213.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Argus set a $240.00 target price on Home Depot and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, UBS Group boosted their price target on Home Depot from $215.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $229.77.

Home Depot stock traded up $1.46 during mid-day trading on Tuesday, reaching $233.26. 1,779,340 shares of the stock traded hands, compared to its average volume of 2,507,640. The stock has a market capitalization of $255.00 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $238.99. The business’s 50-day moving average is $232.49 and its 200-day moving average is $214.94.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. Home Depot’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.05 earnings per share. Equities research analysts expect that Home Depot Inc will post 10.12 EPS for the current fiscal year.

In related news, CFO Carol B. Tome sold 145,400 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the completion of the sale, the chief financial officer now owns 496,374 shares in the company, valued at $108,725,760.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Edward P. Decker sold 22,908 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total value of $5,203,552.20. Following the sale, the executive vice president now owns 87,343 shares of the company’s stock, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 177,508 shares of company stock valued at $39,076,428. 0.27% of the stock is owned by company insiders.

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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

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