Deltec Asset Management LLC Sells 1,000 Shares of Home Depot Inc (NYSE:HD)

Deltec Asset Management LLC lowered its holdings in shares of Home Depot Inc (NYSE:HD) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,358 shares of the home improvement retailer’s stock after selling 1,000 shares during the quarter. Home Depot accounts for about 1.9% of Deltec Asset Management LLC’s portfolio, making the stock its 11th largest position. Deltec Asset Management LLC’s holdings in Home Depot were worth $8,858,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HD. Your Advocates Ltd. LLP purchased a new stake in shares of Home Depot in the first quarter valued at $27,000. Lion Street Advisors LLC purchased a new stake in shares of Home Depot in the first quarter valued at $28,000. Price Wealth LLC raised its stake in shares of Home Depot by 138.5% in the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after acquiring an additional 72 shares during the period. Selective Wealth Management Inc. raised its stake in shares of Home Depot by 243.9% in the second quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 100 shares during the period. Finally, Cordasco Financial Network raised its stake in shares of Home Depot by 120.5% in the first quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock valued at $46,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 69.65% of the company’s stock.

HD has been the topic of several recent analyst reports. Wells Fargo & Co increased their target price on shares of Home Depot from $270.00 to $295.00 and gave the company an “overweight” rating in a research note on Tuesday. CSFB raised their price target on shares of Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Stifel Nicolaus raised their price target on shares of Home Depot from $260.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Nomura Instinet raised their price target on shares of Home Depot from $252.00 to $266.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Bank of America raised their price target on shares of Home Depot from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, June 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $256.30.

NYSE:HD opened at $265.49 on Friday. Home Depot Inc has a fifty-two week low of $140.63 and a fifty-two week high of $269.07. The stock has a market capitalization of $286.42 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.31 and a beta of 1.06. The company’s 50-day simple moving average is $252.21 and its 200-day simple moving average is $229.53.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.19). Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The firm had revenue of $28.26 billion during the quarter, compared to the consensus estimate of $27.59 billion. During the same quarter in the prior year, the business posted $2.27 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts expect that Home Depot Inc will post 10.09 earnings per share for the current fiscal year.

In other news, EVP William G. Lennie sold 17,993 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total value of $4,246,707.86. Following the sale, the executive vice president now directly owns 54,405 shares in the company, valued at approximately $12,840,668.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

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 d├ęcor 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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