Home Depot Inc (HD) Stake Raised by Accuvest Global Advisors

Accuvest Global Advisors grew its position in shares of Home Depot Inc (NYSE:HD) by 2,875.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,802 shares of the home improvement retailer’s stock after buying an additional 5,607 shares during the quarter. Accuvest Global Advisors’ holdings in Home Depot were worth $1,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Lucia Wealth Services LLC purchased a new stake in shares of Home Depot during the first quarter valued at approximately $101,000. Institutional & Family Asset Management LLC purchased a new stake in Home Depot in the first quarter worth approximately $108,000. Advisors Preferred LLC boosted its holdings in Home Depot by 819.7% in the second quarter. Advisors Preferred LLC now owns 653 shares of the home improvement retailer’s stock worth $127,000 after purchasing an additional 582 shares during the last quarter. Clarus Wealth Advisors purchased a new stake in Home Depot in the second quarter worth approximately $136,000. Finally, Landaas & Co. WI ADV purchased a new stake in Home Depot in the second quarter worth approximately $148,000. Hedge funds and other institutional investors own 69.16% of the company’s stock.

Several brokerages recently issued reports on HD. Wells Fargo & Co restated a “buy” rating and issued a $230.00 target price on shares of Home Depot in a report on Sunday, September 16th. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Jefferies Financial Group began coverage on shares of Home Depot in a report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price on the stock. Citigroup raised their target price on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, August 10th. Finally, Loop Capital set a $200.00 target price on shares of Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $205.28.



In other news, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the sale, the executive vice president now directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the sale, the executive vice president now owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Shares of Home Depot stock opened at $172.23 on Friday. The firm has a market cap of $204.51 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.11. Home Depot Inc has a 1-year low of $160.53 and a 1-year high of $215.43. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.21. The business had revenue of $30.46 billion for the quarter, compared to analysts’ expectations of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. As a group, equities analysts expect that Home Depot Inc will post 9.58 EPS for the current fiscal year.

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

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