Candriam Luxembourg S.C.A. Boosts Stake in Home Depot Inc (HD)

Candriam Luxembourg S.C.A. grew its holdings in shares of Home Depot Inc (NYSE:HD) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,383 shares of the home improvement retailer’s stock after purchasing an additional 5,252 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Home Depot were worth $24,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Jacobi Capital Management LLC lifted its stake in Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Home Depot by 63.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after buying an additional 340 shares in the last quarter. Glassman Wealth Services lifted its stake in Home Depot by 38.3% during the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC lifted its stake in Home Depot by 81.8% during the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after buying an additional 495 shares in the last quarter. Finally, Mascoma Wealth Management LLC lifted its stake in Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares in the last quarter. Institutional investors own 70.18% of the company’s stock.

In related news, EVP Matt Carey sold 41,396 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

A number of analysts have commented on HD shares. BTIG Research upped their price objective on shares of Home Depot to $215.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Argus upped their price objective on shares of Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Oppenheimer set a $178.00 price objective on shares of Home Depot and gave the company a “buy” rating in a research note on Tuesday, November 14th. SunTrust Banks upped their price objective on shares of Home Depot to $167.00 and gave the company a “hold” rating in a research note on Wednesday, November 15th. Finally, Telsey Advisory Group upped their price objective on shares of Home Depot from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Home Depot presently has an average rating of “Buy” and a consensus price target of $184.39.

Shares of Home Depot Inc (NYSE:HD) opened at $201.33 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The stock has a market cap of $235,100.00, a P/E ratio of 27.92, a PEG ratio of 1.84 and a beta of 1.11. Home Depot Inc has a 52-week low of $134.60 and a 52-week high of $201.33.

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, topping analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. research analysts anticipate that Home Depot Inc will post 7.39 EPS for the current fiscal year.

Home Depot declared that its board has approved a share repurchase program on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is 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.

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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