Squar Milner Financial Services LLC lowered its position in shares of Home Depot Inc (NYSE:HD) by 19.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,016 shares of the home improvement retailer’s stock after selling 731 shares during the period. Squar Milner Financial Services LLC’s holdings in Home Depot were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new position in Home Depot during the 2nd quarter worth $25,000. Enterprise Trust & Investment Co acquired a new stake in shares of Home Depot in the 3rd quarter valued at $27,000. Julex Capital Management LLC acquired a new stake in shares of Home Depot in the 3rd quarter valued at $29,000. Evolution Wealth Advisors LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at $31,000. Finally, Proffitt & Goodson Inc. boosted its holdings in shares of Home Depot by 106.2% in 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 in the last quarter. Institutional investors own 69.96% of the company’s stock.
A number of equities research analysts have weighed in on HD shares. ValuEngine downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley raised their target price on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Guggenheim downgraded Home Depot from a “buy” rating to a “neutral” rating in a report on Tuesday, September 17th. SunTrust Banks reaffirmed a “hold” rating and issued a $208.00 target price on shares of Home Depot in a report on Wednesday, August 21st. Finally, UBS Group raised their target price on Home Depot from $215.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. Home Depot currently has a consensus rating of “Buy” and a consensus target price of $228.24.
Shares of NYSE HD traded down $1.20 during mid-day trading on Thursday, hitting $233.47. 913,712 shares of the stock traded hands, compared to its average volume of 3,111,367. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $238.99. The company has a market cap of $259.77 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05. The firm has a 50 day simple moving average of $230.93 and a two-hundred day simple moving average of $212.19.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. During the same quarter last year, the business posted $3.05 EPS. Home Depot’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that Home Depot Inc will post 10.12 EPS for the current year.
About Home Depot
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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