Lucia Wealth Services LLC Sells 349 Shares of Home Depot Inc (NYSE:HD)

Lucia Wealth Services LLC reduced its stake in Home Depot Inc (NYSE:HD) by 8.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,655 shares of the home improvement retailer’s stock after selling 349 shares during the period. Lucia Wealth Services LLC’s holdings in Home Depot were worth $916,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cedar Mountain Advisors LLC lifted its holdings in Home Depot by 4.5% during the second quarter. Cedar Mountain Advisors LLC now owns 934 shares of the home improvement retailer’s stock worth $234,000 after acquiring an additional 40 shares in the last quarter. Alpha Windward LLC lifted its holdings in Home Depot by 1.4% during the second quarter. Alpha Windward LLC now owns 3,060 shares of the home improvement retailer’s stock worth $767,000 after acquiring an additional 41 shares in the last quarter. Iron Financial LLC lifted its holdings in Home Depot by 2.9% during the second quarter. Iron Financial LLC now owns 1,449 shares of the home improvement retailer’s stock worth $363,000 after acquiring an additional 41 shares in the last quarter. Tranquility Partners LLC lifted its holdings in Home Depot by 1.3% during the second quarter. Tranquility Partners LLC now owns 3,297 shares of the home improvement retailer’s stock worth $826,000 after acquiring an additional 41 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its holdings in Home Depot by 15.2% during the first quarter. Bay Harbor Wealth Management LLC now owns 318 shares of the home improvement retailer’s stock worth $59,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 69.65% of the company’s stock.

In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

Several research analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Home Depot from $261.00 to $266.00 in a report on Wednesday, May 20th. Stifel Nicolaus lifted their target price on Home Depot from $260.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Loop Capital lifted their price target on Home Depot from $235.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Barclays reissued a “buy” rating and issued a $260.00 price target (up previously from $235.00) on shares of Home Depot in a research note on Wednesday, May 20th. Finally, UBS Group lifted their price target on Home Depot from $265.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Home Depot currently has a consensus rating of “Buy” and a consensus target price of $256.30.

Shares of NYSE HD opened at $265.49 on Friday. The business’s 50 day moving average price is $252.21 and its two-hundred day moving average price is $229.53. The company has a market cap of $286.42 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $269.07.

Home Depot (NYSE:HD) last announced 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). The business had revenue of $28.26 billion for the quarter, compared to analyst estimates of $27.59 billion. Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. Home Depot’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $2.27 EPS. Equities analysts forecast that Home Depot Inc will post 10.09 EPS for the current fiscal 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 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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