Pacer Advisors Inc. Buys 89,680 Shares of Home Depot Inc (NYSE:HD)

Pacer Advisors Inc. lifted its stake in Home Depot Inc (NYSE:HD) by 5,322.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,365 shares of the home improvement retailer’s stock after buying an additional 89,680 shares during the quarter. Pacer Advisors Inc.’s holdings in Home Depot were worth $22,888,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of HD. Your Advocates Ltd. LLP bought a new position in shares of Home Depot in the first quarter worth about $27,000. Lion Street Advisors LLC bought a new position in shares of Home Depot in the first quarter worth about $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 worth $31,000 after buying 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 worth $35,000 after buying 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 worth $46,000 after buying an additional 135 shares during the period. 69.65% of the stock is currently owned by hedge funds and other institutional investors.

HD has been the topic of several recent research reports. Oppenheimer initiated coverage on Home Depot in a research note on Friday, July 10th. They issued a “buy” rating and a $274.00 price objective on the stock. Royal Bank of Canada raised their price objective on Home Depot from $261.00 to $266.00 in a research note on Wednesday, May 20th. Telsey Advisory Group increased their target price on Home Depot from $220.00 to $250.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 20th. Stifel Nicolaus increased their target price on Home Depot from $260.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Finally, Credit Suisse Group increased their target price on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $256.30.

Shares of Home Depot stock opened at $265.49 on Friday. The stock has a market cap of $286.42 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The stock has a 50 day moving average price of $252.21 and a 200-day moving average price of $229.53. Home Depot Inc has a one year low of $140.63 and a one year high of $269.07.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). The company had revenue of $28.26 billion during 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%. Home Depot’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 EPS. Equities analysts expect that Home Depot Inc will post 10.09 EPS for the current year.

In other news, EVP William G. Lennie sold 17,993 shares of Home Depot stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total value 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 approximately $12,840,668.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by 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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