Scott & Selber Inc. grew its holdings in shares of Home Depot Inc (NYSE:HD) by 2.1% in the 2nd quarter, Holdings Channel reports. The fund owned 23,744 shares of the home improvement retailer’s stock after acquiring an additional 482 shares during the period. Home Depot accounts for about 2.5% of Scott & Selber Inc.’s investment portfolio, making the stock its 6th biggest position. Scott & Selber Inc.’s holdings in Home Depot were worth $4,938,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in HD. Evolution Wealth Advisors LLC bought a new position in Home Depot in the second quarter worth about $31,000. Thor Advisors LLC bought a new position in Home Depot in the first quarter worth about $32,000. Virtus ETF Advisers LLC bought a new position in Home Depot in the fourth quarter worth about $32,000. Enlightenment Research LLC bought a new position in Home Depot in the fourth quarter worth about $34,000. Finally, Private Ocean LLC lifted its holdings in Home Depot by 53.3% in the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 72 shares during the last quarter. Institutional investors own 69.81% of the company’s stock.
Shares of HD traded up $1.86 during mid-day trading on Friday, reaching $203.65. 84,391 shares of the company’s stock traded hands, compared to its average volume of 3,004,569. The business’s 50-day moving average price is $212.09 and its 200-day moving average price is $198.74. The stock has a market capitalization of $229.22 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. Home Depot Inc has a 12 month low of $158.09 and a 12 month high of $219.30.
HD has been the topic of a number of recent research reports. Telsey Advisory Group reissued a “market perform” rating and issued a $192.00 target price on shares of Home Depot in a report on Wednesday, May 1st. Loop Capital raised their target price on shares of Home Depot to $195.00 and gave the stock a “hold” rating in a report on Friday, July 19th. Royal Bank of Canada cut their target price on shares of Home Depot from $223.00 to $217.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Stifel Nicolaus lifted their price target on Home Depot to $230.00 and gave the company a “buy” rating in a report on Monday. Finally, ValuEngine cut Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Home Depot has a consensus rating of “Buy” and an average price target of $209.72.
In related news, EVP Timothy A. Hourigan sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $193.30, for a total transaction of $2,512,900.00. Following the sale, the executive vice president now owns 64,575 shares of the company’s stock, valued at $12,482,347.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Carol B. Tome sold 26,334 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $189.17, for a total value of $4,981,602.78. Following the sale, the chief financial officer now directly owns 519,253 shares in the company, valued at approximately $98,227,090.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,522 shares of company stock worth $16,156,831. 0.27% of the stock is owned by corporate 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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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