Asset Advisors Corp Holds Stake in Home Depot, Inc. (The) (NYSE:HD)

Asset Advisors Corp held its stake in shares of Home Depot, Inc. (The) (NYSE:HD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,718 shares of the home improvement retailer’s stock at the end of the first quarter. Asset Advisors Corp’s holdings in Home Depot, Inc. (The) were worth $1,280,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. CT Financial Advisors LLC raised its stake in shares of 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 worth $111,000 after buying an additional 3 shares in the last quarter. Advantage Investment Management LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth $103,000. University of Texas Investment Managment Co. bought a new stake in shares of Home Depot, Inc. (The) during the first quarter worth $132,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth $131,000. Finally, Peoples Financial Services CORP. raised its stake 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 worth $151,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Shares of Home Depot, Inc. (NYSE HD) traded up 0.24% during mid-day trading on Friday, hitting $148.08. 3,421,081 shares of the stock traded hands. The firm has a 50 day moving average of $152.29 and a 200 day moving average of $148.52. The company has a market cap of $177.04 billion, a P/E ratio of 22.16 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.

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

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A number of equities research analysts have recently issued reports on HD shares. Vetr raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $153.35 price objective for the company in a research report on Monday, April 10th. BTIG Research boosted their price objective on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Wednesday, July 12th. Jefferies Group LLC boosted their price objective on shares of Home Depot, Inc. (The) from $167.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Finally, Credit Suisse Group set a $163.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $164.68.

In related news, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the transaction, the executive vice president now directly owns 46,294 shares in the company, valued at $7,197,328.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 7,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the transaction, the executive vice president now owns 54,091 shares in the company, valued at $8,468,486.96. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock worth $20,167,386 over the last 90 days. 0.26% of the stock is currently owned by company insiders.

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 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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