Lucia Wealth Services LLC Has $1.05 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

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Lucia Wealth Services LLC raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,773 shares of the home improvement retailer’s stock after purchasing an additional 118 shares during the quarter. Lucia Wealth Services LLC’s holdings in The Home Depot were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Groesbeck Investment Management Corp NJ raised its position in The Home Depot by 1.5% in the 3rd quarter. Groesbeck Investment Management Corp NJ now owns 2,705 shares of the home improvement retailer’s stock worth $751,000 after purchasing an additional 39 shares during the last quarter. Cedar Mountain Advisors LLC raised its position in The Home Depot by 4.5% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 934 shares of the home improvement retailer’s stock worth $234,000 after purchasing an additional 40 shares during the last quarter. NTV Asset Management LLC raised its position in The 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 worth $1,912,000 after purchasing an additional 40 shares during the last quarter. Birch Hill Investment Advisors LLC raised its position in The 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 worth $3,295,000 after purchasing an additional 40 shares during the last quarter. Finally, TCG Advisors LP raised its position in The Home Depot by 3.0% in the 2nd quarter. TCG Advisors LP now owns 1,381 shares of the home improvement retailer’s stock worth $346,000 after purchasing an additional 40 shares during the last quarter. 69.00% of the stock is currently owned by institutional investors.

In related news, EVP William G. Lennie sold 13,199 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $283.22, for a total transaction of $3,738,220.78. Following the sale, the executive vice president now owns 49,736 shares in the company, valued at approximately $14,086,229.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matt Carey sold 50,478 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the sale, the executive vice president now owns 62,735 shares in the company, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,624 shares of company stock worth $29,429,883. Company insiders own 0.26% of the company’s stock.

Shares of NYSE:HD traded down $7.04 on Tuesday, reaching $272.53. 101,519 shares of the company’s stock were exchanged, compared to its average volume of 4,814,653. The company has a fifty day moving average of $279.64 and a 200-day moving average of $263.61. The Home Depot, Inc. has a twelve month low of $140.63 and a twelve month high of $292.95. The company has a market capitalization of $300.94 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.18 and a beta of 1.11.

The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.82. The Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The firm had revenue of $38.05 billion for the quarter, compared to analyst estimates of $32.13 billion. During the same quarter in the prior year, the business posted $3.17 EPS. The business’s revenue was up 23.4% compared to the same quarter last year. Equities analysts predict that The Home Depot, Inc. will post 11.43 earnings per share for the current fiscal year.

Several research firms recently weighed in on HD. Robert W. Baird boosted their price objective on shares of The Home Depot from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Jefferies Financial Group lifted their target price on shares of The Home Depot from $306.00 to $332.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Gordon Haskett raised shares of The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 target price for the company in a report on Thursday, November 12th. BNP Paribas began coverage on shares of The Home Depot in a report on Monday, October 5th. They set an “outperform” rating and a $310.00 target price for the company. Finally, Truist Financial boosted their price target on shares of The Home Depot from $240.00 to $300.00 in a report on Wednesday, August 12th. Six investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $288.88.

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.

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

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