Home Depot Inc (NYSE:HD) Shares Purchased by Toth Financial Advisory Corp

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Toth Financial Advisory Corp increased its position in shares of Home Depot Inc (NYSE:HD) by 35.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,786 shares of the home improvement retailer’s stock after purchasing an additional 736 shares during the quarter. Toth Financial Advisory Corp’s holdings in Home Depot were worth $774,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Cedar Mountain Advisors LLC lifted its position in 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 in the last quarter. NTV Asset Management LLC lifted its position in Home Depot by 0.5% in the 2nd quarter. NTV Asset Management LLC now owns 7,634 shares of the home improvement retailer’s stock valued at $1,912,000 after acquiring an additional 40 shares in the last quarter. Birch Hill Investment Advisors LLC lifted its position in Home Depot by 0.3% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 13,155 shares of the home improvement retailer’s stock valued at $3,295,000 after acquiring an additional 40 shares in the last quarter. TCG Advisors LP lifted its position in Home Depot by 3.0% in the 2nd quarter. TCG Advisors LP now owns 1,381 shares of the home improvement retailer’s stock valued at $346,000 after acquiring an additional 40 shares in the last quarter. Finally, Alpha Windward LLC lifted its position 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 acquiring an additional 41 shares in the last quarter. 69.00% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the stock. Exane BNP Paribas assumed coverage on shares of Home Depot in a research note on Monday, October 5th. They issued an “outperform” rating and a $310.00 price target on the stock. Wedbush lifted their price target on shares of Home Depot from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Gordon Haskett upgraded shares of Home Depot from a “hold” rating to an “accumulate” rating and set a $306.00 price target on the stock in a research note on Wednesday, August 12th. DA Davidson assumed coverage on shares of Home Depot in a research note on Friday, August 14th. They issued a “neutral” rating and a $290.00 price target on the stock. They noted that the move was a valuation call. Finally, Argus lifted their price target on shares of Home Depot from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Eight research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $288.79.

NYSE HD traded up $0.12 during trading on Friday, reaching $287.66. The company’s stock had a trading volume of 3,109,401 shares, compared to its average volume of 4,963,838. The firm has a market capitalization of $309.65 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.38 and a beta of 1.09. Home Depot Inc has a 12 month low of $140.63 and a 12 month high of $292.95. The firm has a 50 day moving average price of $278.34 and a 200 day moving average price of $251.27.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.82. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The company had revenue of $38.05 billion during the quarter, compared to the consensus estimate of $32.13 billion. During the same quarter in the prior year, the firm posted $3.17 EPS. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. As a group, research analysts anticipate that Home Depot Inc will post 11.36 earnings per share for the current fiscal year.

In related news, EVP Teresa Wynn Roseborough sold 41,947 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $279.83, for a total value of $11,738,029.01. Also, EVP Matt Carey sold 50,478 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the completion of the transaction, the executive vice president now directly owns 62,735 shares of the company’s stock, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,304 shares of company stock valued at $32,088,591. 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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