Schmidt P J Investment Management Inc. raised its stake in The Home Depot Inc. (NYSE:HD) by 14.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,129 shares of the home improvement retailer’s stock after buying an additional 1,000 shares during the period. Schmidt P J Investment Management Inc.’s holdings in The Home Depot were worth $1,038,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Taylor Cottrill Erickson & Associates Inc. purchased a new stake in The Home Depot during the second quarter worth $930,000. Teacher Retirement System of Texas boosted its stake in The Home Depot by 3.2% in the second quarter. Teacher Retirement System of Texas now owns 1,268,755 shares of the home improvement retailer’s stock worth $162,007,000 after buying an additional 39,843 shares in the last quarter. Vestor Capital LLC boosted its stake in The Home Depot by 1.5% in the second quarter. Vestor Capital LLC now owns 60,678 shares of the home improvement retailer’s stock worth $7,748,000 after buying an additional 895 shares in the last quarter. Apertura Capital LLC purchased a new stake in The Home Depot during the second quarter worth $792,000. Finally, Novare Capital Management LLC boosted its stake in The Home Depot by 39.9% in the second quarter. Novare Capital Management LLC now owns 31,893 shares of the home improvement retailer’s stock worth $4,072,000 after buying an additional 9,088 shares in the last quarter. Institutional investors own 71.87% of the company’s stock.
The Home Depot Inc. (NYSE:HD) opened at 125.14 on Tuesday. The company has a market cap of $154.62 billion, a PE ratio of 21.18 and a beta of 0.97. The Home Depot Inc. has a one year low of $109.62 and a one year high of $139.00. The firm has a 50-day moving average of $128.79 and a 200-day moving average of $132.32.
The Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.97. The firm earned $26.47 billion during the quarter, compared to analyst estimates of $26.47 billion. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 EPS. On average, analysts predict that The Home Depot Inc. will post $6.33 EPS for the current year.
HD has been the topic of a number of research reports. Nomura upgraded The Home Depot from a “neutral” rating to a “buy” rating and upped their price target for the stock from $140.00 to $155.00 in a report on Thursday, June 23rd. Jefferies Group reiterated a “buy” rating on shares of The Home Depot in a report on Sunday, July 3rd. Vetr cut The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 target price on the stock. in a report on Monday, July 4th. Zacks Investment Research cut The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Stifel Nicolaus assumed coverage on The Home Depot in a report on Tuesday, August 2nd. They set a “buy” rating and a $157.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The Home Depot has a consensus rating of “Buy” and a consensus price target of $146.86.
In related news, EVP Teresa Wynn Roseborough sold 11,671 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $136.03, for a total value of $1,587,606.13. Following the sale, the executive vice president now owns 44,107 shares of the company’s stock, valued at $5,999,875.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Matt Carey sold 29,357 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the completion of the sale, the executive vice president now directly owns 88,872 shares in the company, valued at approximately $12,109,698.72. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
The Home Depot Company Profile
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.
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