Hoylecohen LLC Purchases 956 Shares of Home Depot Inc (NYSE:HD)

Hoylecohen LLC boosted its position in Home Depot Inc (NYSE:HD) by 11.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,185 shares of the home improvement retailer’s stock after buying an additional 956 shares during the period. Hoylecohen LLC’s holdings in Home Depot were worth $2,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Guggenheim Capital LLC increased its holdings in Home Depot by 8.7% during the 4th quarter. Guggenheim Capital LLC now owns 195,580 shares of the home improvement retailer’s stock worth $42,710,000 after purchasing an additional 15,734 shares in the last quarter. Franklin Resources Inc. increased its holdings in Home Depot by 1.4% during the 4th quarter. Franklin Resources Inc. now owns 493,571 shares of the home improvement retailer’s stock worth $107,786,000 after purchasing an additional 7,022 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Home Depot by 25.8% during the 4th quarter. Macquarie Group Ltd. now owns 239,852 shares of the home improvement retailer’s stock worth $52,379,000 after purchasing an additional 49,177 shares in the last quarter. Stillwater Investment Management LLC increased its holdings in Home Depot by 13.0% during the 1st quarter. Stillwater Investment Management LLC now owns 1,742 shares of the home improvement retailer’s stock worth $325,000 after purchasing an additional 200 shares in the last quarter. Finally, Fulton Bank N.A. increased its holdings in Home Depot by 4.9% during the 1st quarter. Fulton Bank N.A. now owns 19,428 shares of the home improvement retailer’s stock worth $3,628,000 after purchasing an additional 903 shares in the last quarter. 69.65% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Nomura upped their target price on Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Credit Suisse Group upped their target price on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Wedbush upped their target price on Home Depot from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th. Raymond James upped their target price on Home Depot from $245.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Finally, Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $261.00 target price for the company in a report on Monday, June 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $256.30.

In other news, EVP William G. Lennie sold 17,993 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

NYSE:HD opened at $265.49 on Friday. The company has a market cap 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 stock’s fifty day moving average price is $252.21 and its two-hundred day moving average price is $229.53. Home Depot Inc has a 1 year low of $140.63 and a 1 year high of $269.07.

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