Home Depot Inc (NYSE:HD) is Garnet Equity Capital Holdings Inc.’s 4th Largest Position

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Garnet Equity Capital Holdings Inc. decreased its holdings in Home Depot Inc (NYSE:HD) by 37.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,000 shares of the home improvement retailer’s stock after selling 15,000 shares during the quarter. Home Depot accounts for about 3.7% of Garnet Equity Capital Holdings Inc.’s holdings, making the stock its 4th biggest holding. Garnet Equity Capital Holdings Inc.’s holdings in Home Depot were worth $5,801,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zhang Financial LLC lifted its stake in Home Depot by 48.5% in the third quarter. Zhang Financial LLC now owns 2,239 shares of the home improvement retailer’s stock worth $519,000 after acquiring an additional 731 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in Home Depot by 0.9% in the third quarter. Atlantic Union Bankshares Corp now owns 20,841 shares of the home improvement retailer’s stock worth $4,836,000 after acquiring an additional 176 shares during the last quarter. Founders Financial Securities LLC lifted its stake in Home Depot by 11.1% in the third quarter. Founders Financial Securities LLC now owns 6,537 shares of the home improvement retailer’s stock worth $1,517,000 after acquiring an additional 653 shares during the last quarter. Breiter Capital Management Inc. lifted its stake in Home Depot by 2.6% in the third quarter. Breiter Capital Management Inc. now owns 9,571 shares of the home improvement retailer’s stock worth $2,221,000 after acquiring an additional 238 shares during the last quarter. Finally, Investment Partners LTD. lifted its stake in Home Depot by 7.2% in the third quarter. Investment Partners LTD. now owns 8,041 shares of the home improvement retailer’s stock worth $1,866,000 after acquiring an additional 541 shares during the last quarter. 69.96% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Telsey Advisory Group lifted their price target on shares of Home Depot from $210.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 25th. Wells Fargo & Co lifted their price target on shares of Home Depot from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Loop Capital raised their price objective on shares of Home Depot to $200.00 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Finally, Wedbush reissued a “neutral” rating and set a $230.00 price objective (up previously from $190.00) on shares of Home Depot in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $228.24.

In other news, EVP Edward P. Decker sold 22,908 shares of Home Depot stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total value of $5,203,552.20. Following the transaction, the executive vice president now directly owns 87,343 shares of the company’s stock, valued at approximately $19,839,962.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Carol B. Tome sold 145,400 shares of Home Depot stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the completion of the transaction, the chief financial officer now directly owns 496,374 shares in the company, valued at $108,725,760.96. The disclosure for this sale can be found here. Insiders sold a total of 177,508 shares of company stock worth $39,076,428 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Shares of Home Depot stock opened at $237.93 on Friday. The firm’s fifty day simple moving average is $230.02 and its 200-day simple moving average is $211.17. The stock has a market capitalization of $259.30 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 2.31 and a beta of 1.05. Home Depot Inc has a 12 month low of $158.09 and a 12 month high of $238.73.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.05 EPS. On average, equities analysts expect that Home Depot Inc will post 10.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.29%. Home Depot’s payout ratio is 55.01%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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