Home Depot, Inc. (The) (NYSE:HD) Shares Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas cut its position in Home Depot, Inc. (The) (NYSE:HD) by 6.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 51,856 shares of the home improvement retailer’s stock after selling 3,869 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Home Depot, Inc. (The) were worth $7,614,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HD. Advantage Investment Management LLC bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at about $103,000. CT Financial Advisors LLC raised its stake in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Home Depot, Inc. (The) during the fourth quarter valued at about $131,000. University of Texas Investment Managment Co. purchased a new position in shares of Home Depot, Inc. (The) during the first quarter valued at approximately $132,000. Finally, Peoples Financial Services CORP. increased its position in shares of Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock valued at $151,000 after buying an additional 125 shares during the period. 71.63% of the stock is currently owned by institutional investors and hedge funds.

Home Depot, Inc. (NYSE:HD) traded down 0.46% during midday trading on Tuesday, reaching $153.18. 229,999 shares of the company traded hands. The firm has a market capitalization of $183.13 billion, a PE ratio of 22.92 and a beta of 1.09. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86. The company’s 50-day moving average price is $155.07 and its 200 day moving average price is $146.38.

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

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Several brokerages have recently commented on HD. UBS AG reaffirmed a “buy” rating and set a $175.00 price objective (up from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research note on Wednesday, July 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $152.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Thursday, June 22nd. Finally, Vetr upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 price target on the stock in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $164.67.

In other Home Depot, Inc. (The) news, CEO Craig A. Menear sold 90,661 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total value of $14,214,738.19. Following the completion of the transaction, the chief executive officer now owns 240,090 shares in the company, valued at approximately $37,643,711.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William G. Lennie sold 31,239 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the transaction, the executive vice president now owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,900 shares of company stock valued at $20,167,386. Corporate insiders own 0.26% of the company’s stock.

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

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

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