Home Depot, Inc. (The) (HD) Position Boosted by HBK Investments L P

HBK Investments L P boosted its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 4.2% during the third quarter, Holdings Channel reports. The institutional investor owned 260,812 shares of the home improvement retailer’s stock after buying an additional 10,403 shares during the period. HBK Investments L P’s holdings in Home Depot, Inc. (The) were worth $33,561,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Glassman Wealth Services boosted its stake in Home Depot, Inc. (The) by 8.0% in the second quarter. Glassman Wealth Services now owns 1,008 shares of the home improvement retailer’s stock worth $129,000 after buying an additional 75 shares in the last quarter. Edge Wealth Management LLC boosted its stake in Home Depot, Inc. (The) by 0.3% in the third quarter. Edge Wealth Management LLC now owns 1,068 shares of the home improvement retailer’s stock worth $137,000 after buying an additional 3 shares in the last quarter. Nelson Roberts Investment Advisors LLC boosted its stake in Home Depot, Inc. (The) by 60.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 1,210 shares of the home improvement retailer’s stock worth $155,000 after buying an additional 455 shares in the last quarter. Van Hulzen Asset Management LLC boosted its stake in Home Depot, Inc. (The) by 27.4% in the third quarter. Van Hulzen Asset Management LLC now owns 1,407 shares of the home improvement retailer’s stock worth $181,000 after buying an additional 303 shares in the last quarter. Finally, Argentus Capital Management LLC boosted its stake in Home Depot, Inc. (The) by 9.5% in the third quarter. Argentus Capital Management LLC now owns 1,499 shares of the home improvement retailer’s stock worth $193,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 71.67% of the company’s stock.

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

Home Depot, Inc. (NYSE:HD) traded up 0.82% during midday trading on Friday, reaching $139.85. 3,296,963 shares of the company traded hands. Home Depot, Inc. has a one year low of $117.70 and a one year high of $140.57. The company has a market capitalization of $170.36 billion, a price-to-earnings ratio of 22.70 and a beta of 1.09. The stock’s 50 day moving average is $136.35 and its 200 day moving average is $131.84.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.02. Home Depot, Inc. (The) had a return on equity of 123.29% and a net margin of 8.23%. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.05 billion. During the same period in the prior year, the business posted $1.36 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that Home Depot, Inc. will post $6.34 earnings per share for the current year.

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A number of research firms have recently issued reports on HD. Bank of America Corporation restated a “buy” rating and set a $128.72 target price (up previously from $127.67) on shares of Home Depot, Inc. (The) in a research note on Tuesday, November 15th. Vetr cut shares of Home Depot, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $119.51 target price for the company. in a research note on Thursday, December 22nd. Wedbush restated a “neutral” rating and set a $145.00 target price on shares of Home Depot, Inc. (The) in a research note on Friday, December 16th. Citigroup Inc. restated a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Wednesday, December 28th. Finally, Jefferies Group LLC restated a “buy” rating and set a $149.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $144.53.

In related news, EVP Edward P. Decker sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $130.80, for a total value of $2,616,000.00. Following the transaction, the executive vice president now directly owns 63,878 shares in the company, valued at $8,355,242.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffery H. Boyd acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was bought at an average price of $128.27 per share, for a total transaction of $1,282,700.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $1,282,700. The disclosure for this purchase can be found here. Corporate 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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. (The) (NYSE:HD).

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