Zweig DiMenna Associates LLC Raises Stock Position in Home Depot Inc (NYSE:HD)

Zweig DiMenna Associates LLC boosted its position in shares of Home Depot Inc (NYSE:HD) by 18.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,359 shares of the home improvement retailer’s stock after purchasing an additional 8,289 shares during the period. Home Depot makes up 1.4% of Zweig DiMenna Associates LLC’s holdings, making the stock its 26th biggest holding. Zweig DiMenna Associates LLC’s holdings in Home Depot were worth $13,367,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. 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 purchasing an additional 72 shares during the period. Selective Wealth Management Inc. raised its stake in shares of Home Depot by 243.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 100 shares during the period. Your Advocates Ltd. LLP purchased a new stake in shares of Home Depot in the 1st quarter valued at approximately $27,000. Lion Street Advisors LLC purchased a new stake in shares of Home Depot in the 1st quarter valued at approximately $28,000. Finally, Evolution Wealth Advisors LLC raised its stake in shares of Home Depot by 138.8% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 111 shares during the period. 69.65% of the stock is currently owned by institutional investors.

HD has been the topic of a number of research analyst reports. SunTrust Banks reduced their price target on shares of Home Depot from $240.00 to $220.00 and set a “hold” rating on the stock in a research note on Thursday, April 16th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price target on the stock in a research note on Monday, June 1st. Credit Suisse Group lifted their price objective on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Royal Bank of Canada lifted their price objective on shares of Home Depot from $261.00 to $266.00 in a report on Wednesday, May 20th. Finally, UBS Group lifted their price objective on shares of Home Depot from $265.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. One 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 issued a strong buy rating to the stock. Home Depot presently has an average rating of “Buy” and a consensus target price of $256.30.

In other Home Depot news, EVP William G. Lennie sold 17,993 shares of the firm’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 sale, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by company insiders.

Shares of NYSE HD 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 PEG ratio of 2.31 and a beta of 1.06. Home Depot Inc has a 52 week low of $140.63 and a 52 week high of $269.07. The company’s 50-day moving average price is $252.21 and its 200 day moving average price is $229.53.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The firm had revenue of $28.26 billion for the quarter, compared to analyst estimates of $27.59 billion. During the same period in the prior year, the business earned $2.27 earnings per share. Home Depot’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict 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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