Mainstay Capital Management LLC ADV boosted its position in shares of Home Depot Inc (NYSE:HD) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,543 shares of the home improvement retailer’s stock after purchasing an additional 114 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Home Depot were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Enterprise Trust & Investment Co acquired a new position in Home Depot during the 3rd quarter valued at about $27,000. Belmont Capital LLC acquired a new position in Home Depot during the 4th quarter valued at about $28,000. Julex Capital Management LLC acquired a new position in Home Depot during the 3rd quarter valued at about $29,000. Proffitt & Goodson Inc. lifted its position in Home Depot by 106.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock valued at $31,000 after purchasing an additional 69 shares during the period. Finally, Financial Advantage Inc. acquired a new position in Home Depot during the 3rd quarter valued at about $37,000. 69.97% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $211.24, for a total value of $23,968,980.32. Following the transaction, the chief executive officer now owns 277,604 shares in the company, valued at $58,641,068.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 12,974 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $213.70, for a total value of $2,772,543.80. Following the completion of the transaction, the executive vice president now owns 26,335 shares in the company, valued at approximately $5,627,789.50. The disclosure for this sale can be found here. Insiders have sold a total of 126,552 shares of company stock valued at $26,765,281 in the last ninety days. Insiders own 0.27% of the company’s stock.
Shares of Home Depot stock opened at $231.91 on Tuesday. The business has a fifty day simple moving average of $219.87 and a two-hundred day simple moving average of $222.80. Home Depot Inc has a 1 year low of $174.53 and a 1 year high of $239.31. The company has a market capitalization of $252.97 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.05 and a beta of 1.00.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The business had revenue of $27.22 billion during the quarter, compared to the consensus estimate of $27.51 billion. During the same quarter last year, the firm posted $2.51 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Home Depot Inc will post 10.08 EPS for the current year.
A number of research analysts have issued reports on HD shares. Wedbush cut their target price on shares of Home Depot from $230.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. Bank of America restated a “hold” rating and set a $235.00 target price on shares of Home Depot in a research report on Wednesday, November 20th. Wells Fargo & Co restated a “buy” rating and set a $260.00 target price on shares of Home Depot in a research report on Tuesday, November 19th. Evercore ISI restated a “buy” rating on shares of Home Depot in a research report on Thursday, November 21st. Finally, Royal Bank of Canada cut their target price on shares of Home Depot from $246.00 to $232.00 and set an “outperform” rating on the stock in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $237.31.
Home Depot Profile
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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