Nicola Wealth Management LTD. Trims Position in The Home Depot, Inc. (NYSE:HD)

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Nicola Wealth Management LTD. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,383 shares of the home improvement retailer’s stock after selling 1,148 shares during the quarter. Nicola Wealth Management LTD.’s holdings in The Home Depot were worth $3,439,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Price Wealth LLC increased its holdings in The Home Depot by 138.5% in the 2nd quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock worth $31,000 after acquiring an additional 72 shares in the last quarter. Planned Solutions Inc. acquired a new stake in The Home Depot during the 3rd quarter worth $45,000. JJJ Advisors Inc. boosted its stake in The Home Depot by 201.6% during the 3rd quarter. JJJ Advisors Inc. now owns 184 shares of the home improvement retailer’s stock worth $51,000 after purchasing an additional 123 shares during the last quarter. Evolution Wealth Advisors LLC boosted its stake in The Home Depot by 138.8% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 111 shares during the last quarter. Finally, First Bank & Trust boosted its stake in The Home Depot by 34.0% during the 3rd quarter. First Bank & Trust now owns 197 shares of the home improvement retailer’s stock worth $55,000 after purchasing an additional 50 shares during 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. Raymond James lifted their target price on shares of The Home Depot from $295.00 to $305.00 and gave the stock an “outperform” rating in a research note 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 on the stock in a research report on Thursday, November 12th. Wells Fargo & Company upped their target price on shares of The Home Depot from $295.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. They noted that the move was a valuation call. Bank of America upped their price target on The Home Depot from $330.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Finally, Robert W. Baird increased their price objective on The Home Depot from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Six analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. The Home Depot currently has an average rating of “Buy” and a consensus target price of $288.88.

In other The Home Depot news, EVP Teresa Wynn Roseborough sold 41,947 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was 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 business’s stock in a transaction dated Thursday, September 10th. The shares were 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 owns 62,735 shares in the company, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. Insiders have sold 105,624 shares of company stock worth $29,429,883 over the last three months. 0.26% of the stock is owned by insiders.

NYSE:HD opened at $271.89 on Tuesday. The firm 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, Inc. has a 1-year low of $140.63 and a 1-year high of $292.95. The business’s fifty day moving average price is $279.64 and its 200 day moving average price is $263.61.

The Home Depot (NYSE:HD) last posted its quarterly earnings results 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 firm had revenue of $38.05 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.17 earnings per share. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 11.43 earnings per share for the current year.

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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