Home Depot Inc (NYSE:HD) Stake Raised by Merriman Wealth Management LLC

Merriman Wealth Management LLC grew its holdings in shares of Home Depot Inc (NYSE:HD) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,225 shares of the home improvement retailer’s stock after buying an additional 78 shares during the period. Merriman Wealth Management LLC’s holdings in Home Depot were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in Home Depot by 8,331.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock worth $125,000 after buying an additional 21,212,570 shares during the last quarter. Clearbridge Investments LLC grew its position in Home Depot by 2.2% in the first quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock worth $1,381,583,000 after buying an additional 158,174 shares during the last quarter. Janus Henderson Group PLC grew its position in Home Depot by 2.4% in the second quarter. Janus Henderson Group PLC now owns 5,536,321 shares of the home improvement retailer’s stock worth $1,151,422,000 after buying an additional 127,532 shares during the last quarter. Fisher Asset Management LLC grew its position in Home Depot by 2.9% in the second quarter. Fisher Asset Management LLC now owns 4,854,657 shares of the home improvement retailer’s stock worth $1,009,623,000 after buying an additional 138,011 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in Home Depot by 21,191.0% in the second quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock worth $353,410,000 after buying an additional 3,517,498 shares during the last quarter. 69.81% of the stock is currently owned by institutional investors.

NYSE HD traded down $0.59 on Thursday, hitting $201.00. 105,117 shares of the stock were exchanged, compared to its average volume of 2,942,126. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $219.30. The company has a market cap of $227.73 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.91 and a beta of 1.12. The business’s 50-day moving average price is $212.22.



Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.10. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The firm had revenue of $26.38 billion for the quarter, compared to analysts’ expectations of $26.34 billion. During the same period in the previous year, the company posted $2.08 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts expect that Home Depot Inc will post 10.1 earnings per share for the current fiscal year.

In other news, EVP Timothy A. Hourigan sold 13,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $193.30, for a total transaction of $2,512,900.00. Following the transaction, the executive vice president now directly owns 64,575 shares in the company, valued at approximately $12,482,347.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Matt Carey sold 34,688 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the transaction, the executive vice president now owns 81,982 shares in the company, valued at $16,567,742.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,522 shares of company stock worth $16,156,831. 0.27% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on HD. Wells Fargo & Co lifted their price target on shares of Home Depot from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday. Goldman Sachs Group began coverage on shares of Home Depot in a research report on Thursday, July 11th. They issued a “buy” rating and a $235.00 price target on the stock. Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Wedbush set a $190.00 price target on shares of Home Depot and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and an average target price of $209.72.

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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