Oakwood Capital Management LLC CA trimmed its position in Home Depot Inc (NYSE:HD) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,800 shares of the home improvement retailer’s stock after selling 1,100 shares during the quarter. Home Depot makes up approximately 2.9% of Oakwood Capital Management LLC CA’s portfolio, making the stock its 14th largest position. Oakwood Capital Management LLC CA’s holdings in Home Depot were worth $6,450,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in HD. Krane Funds Advisors LLC bought a new position in Home Depot during the second quarter worth $25,000. Enterprise Trust & Investment Co bought a new position in Home Depot during the third quarter worth $27,000. Julex Capital Management LLC bought a new position in Home Depot during the third quarter worth $29,000. Evolution Wealth Advisors LLC bought a new position in Home Depot during the second quarter worth $31,000. Finally, Proffitt & Goodson Inc. increased its position in Home Depot by 106.2% during the third quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock worth $31,000 after acquiring an additional 69 shares during the period. Institutional investors own 69.96% of the company’s stock.
HD has been the topic of a number of research reports. Telsey Advisory Group boosted their target price on shares of Home Depot from $210.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 25th. Raymond James reaffirmed an “outperform” rating and set a $250.00 target price on shares of Home Depot in a research report on Tuesday, October 8th. Credit Suisse Group set a $213.00 target price on shares of Home Depot and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. SunTrust Banks reaffirmed a “hold” rating and set a $208.00 target price on shares of Home Depot in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada boosted their target price on shares of Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. 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. Home Depot currently has an average rating of “Buy” and a consensus price target of $228.24.
Shares of Home Depot stock traded up $0.21 during trading on Thursday, reaching $234.88. The company’s stock had a trading volume of 274,494 shares, compared to its average volume of 3,111,367. The stock has a 50-day moving average price of $230.93 and a two-hundred day moving average price of $212.19. Home Depot Inc has a one year low of $158.09 and a one year high of $238.99. The stock has a market capitalization of $259.77 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The business had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. During the same period in the previous year, the business posted $3.05 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that Home Depot Inc will post 10.12 EPS for the current fiscal year.
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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