Home Depot Inc (NYSE:HD) Shares Sold by Archford Capital Strategies LLC

Archford Capital Strategies LLC trimmed its stake in shares of Home Depot Inc (NYSE:HD) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,613 shares of the home improvement retailer’s stock after selling 52 shares during the quarter. Archford Capital Strategies LLC’s holdings in Home Depot were worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Bath Savings Trust Co boosted its holdings in Home Depot by 7.7% in the 2nd quarter. Bath Savings Trust Co now owns 29,458 shares of the home improvement retailer’s stock worth $6,127,000 after buying an additional 2,109 shares during the last quarter. Cox Capital Mgt LLC boosted its holdings in shares of Home Depot by 3.1% during the 2nd quarter. Cox Capital Mgt LLC now owns 14,935 shares of the home improvement retailer’s stock worth $3,106,000 after purchasing an additional 453 shares during the last quarter. Thomasville National Bank boosted its holdings in shares of Home Depot by 17.7% during the 2nd quarter. Thomasville National Bank now owns 9,159 shares of the home improvement retailer’s stock worth $1,905,000 after purchasing an additional 1,377 shares during the last quarter. LVM Capital Management Ltd. MI boosted its holdings in shares of Home Depot by 2.5% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 44,736 shares of the home improvement retailer’s stock worth $9,304,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Baystate Wealth Management LLC boosted its holdings in shares of Home Depot by 2.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 3,169 shares of the home improvement retailer’s stock worth $666,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 69.96% of the company’s stock.

In other news, EVP Edward P. Decker sold 22,908 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the sale, the executive vice president now owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Carol B. Tome sold 145,400 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total value of $31,848,416.00. Following the sale, the chief financial officer now directly owns 496,374 shares in the company, valued at approximately $108,725,760.96. The disclosure for this sale can be found here. Insiders have sold 177,508 shares of company stock worth $39,076,428 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Shares of NYSE HD opened at $233.89 on Friday. The firm has a market cap of $259.77 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.32 and a beta of 1.05. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $238.99. The business’s 50 day moving average is $231.12 and its two-hundred day moving average is $212.34.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $30.98 billion. During the same quarter in the prior year, the company earned $3.05 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Home Depot Inc will post 10.12 EPS for the current fiscal year.

HD has been the topic of several analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Home Depot in a research report on Wednesday, August 21st. Stifel Nicolaus lifted their price target on shares of Home Depot to $230.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Citigroup lifted their price target on shares of Home Depot from $246.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, September 13th. SunTrust Banks reaffirmed a “hold” rating and set a $208.00 price target on shares of Home Depot in a research report on Wednesday, August 21st. Finally, DZ Bank lowered Home Depot from a “hold” rating to a “sell” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $228.24.

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

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