Annex Advisory Services LLC raised its holdings in shares of Home Depot Inc (NYSE:HD) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,051 shares of the home improvement retailer’s stock after purchasing an additional 552 shares during the quarter. Home Depot accounts for approximately 0.3% of Annex Advisory Services LLC’s portfolio, making the stock its 27th largest position. Annex Advisory Services LLC’s holdings in Home Depot were worth $1,644,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Janus Henderson Group PLC grew its stake in shares of Home Depot by 2,013.2% in the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after acquiring an additional 3,162,631 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Home Depot by 15,121.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after acquiring an additional 1,852,784 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Home Depot in the 2nd quarter worth $133,780,000. Parametric Portfolio Associates LLC grew its stake in shares of Home Depot by 35.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock worth $500,903,000 after acquiring an additional 850,074 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Home Depot by 14.4% in the 2nd quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after acquiring an additional 761,586 shares in the last quarter. Institutional investors and hedge funds own 70.18% of the company’s stock.
Several research firms have recently issued reports on HD. Oppenheimer reiterated a “buy” rating on shares of Home Depot in a research note on Tuesday, December 26th. Moffett Nathanson began coverage on shares of Home Depot in a research note on Monday, December 4th. They issued a “buy” rating for the company. Morgan Stanley set a $185.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research note on Friday, December 8th. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, Guggenheim began coverage on shares of Home Depot in a research note on Wednesday, December 13th. They issued a “buy” rating and a $200.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Home Depot presently has an average rating of “Buy” and an average target price of $183.28.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.
Shares of Home Depot Inc (NYSE:HD) opened at $196.31 on Wednesday. The company has a market cap of $229,240.00, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11. Home Depot Inc has a fifty-two week low of $134.60 and a fifty-two week high of $199.42. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. equities research analysts anticipate that Home Depot Inc will post 7.38 EPS for the current year.
Home Depot announced that its board has approved a stock buyback plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
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About Home Depot
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.
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