Chartwell Investment Partners LLC trimmed its holdings in Home Depot Inc (NYSE:HD) by 12.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 46,659 shares of the home improvement retailer’s stock after selling 6,806 shares during the period. Chartwell Investment Partners LLC’s holdings in Home Depot were worth $11,689,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Cedar Mountain Advisors LLC raised its stake in shares of Home Depot by 4.5% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 934 shares of the home improvement retailer’s stock valued at $234,000 after acquiring an additional 40 shares during the period. Alpha Windward LLC increased its holdings in Home Depot by 1.4% in the 2nd quarter. Alpha Windward LLC now owns 3,060 shares of the home improvement retailer’s stock valued at $767,000 after purchasing an additional 41 shares during the last quarter. Iron Financial LLC raised its position in Home Depot by 2.9% in the second quarter. Iron Financial LLC now owns 1,449 shares of the home improvement retailer’s stock valued at $363,000 after purchasing an additional 41 shares during the period. Tranquility Partners LLC lifted its stake 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 purchasing an additional 41 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC boosted its position in shares of 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 buying an additional 42 shares during the period. 69.65% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the company. CSFB increased their target price on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Barclays reissued a “buy” rating and set a $260.00 price target (up previously from $235.00) on shares of Home Depot in a research report on Wednesday, May 20th. Jefferies Financial Group lifted their price objective on shares of Home Depot from $228.00 to $269.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Robert W. Baird increased their target price on shares of Home Depot from $215.00 to $265.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Finally, Wells Fargo & Co raised their price target on shares of Home Depot from $270.00 to $295.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. One equities 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 stock. Home Depot has a consensus rating of “Buy” and a consensus target price of $256.30.
Home Depot (NYSE:HD) last issued its quarterly earnings data 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). 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 analysts’ expectations of $27.59 billion. During the same period in the previous year, the business posted $2.27 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts expect that Home Depot Inc will post 10.09 earnings per share for the current year.
In other Home Depot 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 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 transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.
Home Depot Company 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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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