Integrated Advisors Network LLC Has $7.30 Million Stake in The Home Depot, Inc. (NYSE:HD)

Share on StockTwits

Integrated Advisors Network LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 47.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,273 shares of the home improvement retailer’s stock after selling 23,692 shares during the period. The Home Depot comprises 0.9% of Integrated Advisors Network LLC’s portfolio, making the stock its 24th largest holding. Integrated Advisors Network LLC’s holdings in The Home Depot were worth $7,296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HD. Price Wealth LLC increased its holdings in shares of The Home Depot by 138.5% in the 2nd quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after purchasing an additional 72 shares during the period. Planned Solutions Inc. acquired a new position in shares of The Home Depot in the 3rd quarter valued at about $45,000. Evolution Wealth Advisors LLC increased its holdings in shares of The 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 purchasing an additional 111 shares during the period. JJJ Advisors Inc. increased its holdings in shares of The Home Depot by 201.6% in the 3rd quarter. JJJ Advisors Inc. now owns 184 shares of the home improvement retailer’s stock valued at $51,000 after purchasing an additional 123 shares during the period. Finally, First Bank & Trust increased its holdings in shares of The Home Depot by 34.0% in the 3rd quarter. First Bank & Trust now owns 197 shares of the home improvement retailer’s stock valued at $55,000 after purchasing an additional 50 shares during the period. Institutional investors own 69.00% of the company’s stock.

Shares of HD traded down $8.50 during mid-day trading on Tuesday, hitting $271.07. The company’s stock had a trading volume of 155,023 shares, compared to its average volume of 4,814,653. The Home Depot, Inc. has a one year low of $140.63 and a one year high of $292.95. The firm has a market capitalization of $300.94 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 2.18 and a beta of 1.11. The stock’s 50-day moving average is $279.64 and its two-hundred day moving average is $263.61.

The Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.82. The company had revenue of $38.05 billion during the quarter, compared to analysts’ expectations of $32.13 billion. The Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The Home Depot’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.17 earnings per share. Research analysts expect that The Home Depot, Inc. will post 11.43 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the company. BNP Paribas assumed coverage on The Home Depot in a research note on Monday, October 5th. They issued an “outperform” rating and a $310.00 price target for the company. Morgan Stanley boosted their price target on The Home Depot from $295.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. DA Davidson assumed coverage on The Home Depot in a research note on Friday, August 14th. They issued a “neutral” rating and a $290.00 price target for the company. They noted that the move was a valuation call. Truist Financial boosted their price target on The Home Depot from $240.00 to $300.00 in a research note on Wednesday, August 12th. Finally, Robert W. Baird boosted their price target on The Home Depot from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Six investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $288.88.

In related news, EVP Matt Carey sold 50,478 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $276.43, for a total value of $13,953,633.54. Following the completion of the transaction, the executive vice president now directly owns 62,735 shares in the company, valued at $17,341,836.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 41,947 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $279.83, for a total value of $11,738,029.01. Insiders sold 105,624 shares of company stock valued at $29,429,883 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

About The Home Depot

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.

Read More: How to calculate compound interest

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD).

Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

Receive News & Ratings for The Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply