Home Depot Inc (NYSE:HD) Shares Acquired by Chicago Capital LLC

Chicago Capital LLC raised its holdings in shares of Home Depot Inc (NYSE:HD) by 25.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,671 shares of the home improvement retailer’s stock after buying an additional 1,780 shares during the period. Chicago Capital LLC’s holdings in Home Depot were worth $2,172,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Your Advocates Ltd. LLP acquired a new position in Home Depot during the first quarter valued at approximately $27,000. Lion Street Advisors LLC acquired a new position in Home Depot during the first quarter valued at approximately $28,000. Price Wealth LLC lifted its position in Home Depot by 138.5% during the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after buying an additional 72 shares in the last quarter. Selective Wealth Management Inc. lifted its position in shares of Home Depot by 243.9% during the second quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Finally, Cordasco Financial Network lifted its position in shares of Home Depot by 120.5% during the first quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock worth $46,000 after purchasing an additional 135 shares in the last quarter. 69.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on HD shares. Morgan Stanley boosted their target price on shares of Home Depot from $245.00 to $260.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Loop Capital boosted their target price on shares of Home Depot from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Barclays reissued a “buy” rating and set a $260.00 target price (up from $235.00) on shares of Home Depot in a research report on Wednesday, May 20th. Stifel Nicolaus boosted their target price on shares of Home Depot from $260.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Finally, Telsey Advisory Group boosted their target price on shares of Home Depot from $220.00 to $250.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $256.30.

HD stock opened at $265.49 on Friday. Home Depot Inc has a 1-year low of $140.63 and a 1-year high of $269.07. The firm has a fifty day moving average price of $252.21 and a two-hundred day moving average price of $229.53. The firm has a market cap of $286.42 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.31 and a beta of 1.06.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts predict 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 company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the transaction, the executive vice president now owns 54,405 shares in the company, valued at $12,840,668.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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 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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