1,251 Shares in Home Depot Inc (HD) Acquired by HGK Asset Management Inc.

HGK Asset Management Inc. bought a new position in shares of Home Depot Inc (NYSE:HD) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,251 shares of the home improvement retailer’s stock, valued at approximately $244,000.

A number of other hedge funds have also bought and sold shares of the business. HC Financial Advisors Inc. bought a new stake in Home Depot during the 4th quarter valued at about $3,778,000. Walter & Keenan Financial Consulting Co. MI ADV lifted its holdings in Home Depot by 5.7% during the 1st quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 13,048 shares of the home improvement retailer’s stock valued at $2,326,000 after buying an additional 700 shares in the last quarter. DT Investment Partners LLC lifted its holdings in Home Depot by 39.2% during the 1st quarter. DT Investment Partners LLC now owns 3,393 shares of the home improvement retailer’s stock valued at $605,000 after buying an additional 955 shares in the last quarter. Motley Fool Asset Management LLC bought a new stake in Home Depot during the 1st quarter valued at about $1,878,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Home Depot during the 1st quarter valued at about $482,000. Hedge funds and other institutional investors own 69.16% of the company’s stock.

Shares of Home Depot stock opened at $172.23 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. Home Depot Inc has a 52-week low of $160.53 and a 52-week high of $215.43. The company has a market capitalization of $204.88 billion, a PE ratio of 23.09, a PEG ratio of 1.41 and a beta of 1.11.



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

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

A number of brokerages recently weighed in on HD. Piper Jaffray Companies reiterated a “hold” rating and set a $203.00 price objective on shares of Home Depot in a report on Thursday, August 16th. Citigroup reissued a “buy” rating and set a $227.00 target price on shares of Home Depot in a research report on Wednesday, August 15th. Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, August 21st. They set a “buy” rating and a $228.00 target price on the stock. Loop Capital set a $200.00 target price on shares of Home Depot and gave the company a “hold” rating in a research report on Wednesday, July 11th. Finally, Morgan Stanley cut their target price on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $205.28.

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.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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