Biegel & Waller LLC reduced its position in Home Depot Inc (NYSE:HD) by 15.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,746 shares of the home improvement retailer’s stock after selling 662 shares during the quarter. Home Depot makes up about 0.4% of Biegel & Waller LLC’s holdings, making the stock its 20th largest position. Biegel & Waller LLC’s holdings in Home Depot were worth $613,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC grew its position in shares of Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of Home Depot by 63.4% in 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 purchasing an additional 340 shares in the last quarter. Glassman Wealth Services grew its position in shares of Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC grew its position in shares of Home Depot by 81.8% in 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 purchasing an additional 495 shares in the last quarter. Finally, Mascoma Wealth Management LLC grew its position in shares of Home Depot by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after purchasing an additional 7 shares in the last quarter. 70.18% of the stock is owned by institutional investors and hedge funds.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.26% of the company’s stock.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $24.53 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. sell-side analysts forecast that Home Depot Inc will post 7.39 EPS for the current year.
Home Depot announced that its board has authorized a share repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
Several equities analysts have recently weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $220.00 price target (up from $190.00) on shares of Home Depot in a research report on Friday. Piper Jaffray Companies reissued a “hold” rating and set a $164.00 price objective on shares of Home Depot in a research note on Sunday, October 1st. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird reissued an “outperform” rating and set a $195.00 price objective on shares of Home Depot in a research note on Thursday, November 30th. Finally, SunTrust Banks lifted their price objective on Home Depot to $167.00 and gave the company a “hold” rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $184.39.
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Home Depot Profile
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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