V Wealth Advisors LLC Has $5.22 Million Stock Holdings in Home Depot Inc (NYSE:HD)

V Wealth Advisors LLC increased its position in Home Depot Inc (NYSE:HD) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,849 shares of the home improvement retailer’s stock after purchasing an additional 477 shares during the quarter. Home Depot makes up 1.4% of V Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding. V Wealth Advisors LLC’s holdings in Home Depot were worth $5,223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Your Advocates Ltd. LLP acquired a new position in Home Depot during the first quarter worth $27,000. Lion Street Advisors LLC acquired a new position in Home Depot during the first quarter worth $28,000. Price Wealth LLC raised its stake in Home Depot by 138.5% during the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock worth $31,000 after acquiring an additional 72 shares in the last quarter. Selective Wealth Management Inc. raised its stake in 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 acquiring an additional 100 shares in the last quarter. Finally, Cordasco Financial Network raised its stake in 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 acquiring an additional 135 shares in the last quarter. 69.65% of the stock is owned by hedge funds and other institutional investors.

NYSE:HD opened at $265.49 on Friday. The firm has a market capitalization 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. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $269.07. The stock’s 50 day moving average price is $252.21 and its two-hundred day moving average price is $229.53.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.27 by ($0.19). The company 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%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $2.27 EPS. As a group, equities research analysts forecast that Home Depot Inc will post 10.09 EPS for the current year.

Several research firms have issued reports on HD. Robert W. Baird increased their price objective on Home Depot from $215.00 to $265.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Nomura raised their target price on Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Gordon Haskett lowered Home Depot from an “accumulate” rating to a “hold” rating in a research note on Wednesday, April 22nd. Wells Fargo & Co raised their target price on Home Depot from $270.00 to $295.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Piper Sandler raised their target price on Home Depot from $231.00 to $236.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $256.30.

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 approximately $12,840,668.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is 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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