Victory Capital Management Inc. lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,042,765 shares of the home improvement retailer’s stock after selling 48,050 shares during the period. The Home Depot comprises about 0.4% of Victory Capital Management Inc.’s portfolio, making the stock its 27th largest holding. Victory Capital Management Inc. owned 0.10% of The Home Depot worth $289,586,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. Price Wealth LLC lifted its stake in The Home Depot by 138.5% in the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock valued at $31,000 after acquiring an additional 72 shares during the last quarter. Planned Solutions Inc. acquired a new stake in The Home Depot in the third quarter valued at $45,000. Evolution Wealth Advisors LLC lifted its stake in The Home Depot by 138.8% in the second quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 111 shares during the last quarter. JJJ Advisors Inc. lifted its stake in The Home Depot by 201.6% in the third quarter. JJJ Advisors Inc. now owns 184 shares of the home improvement retailer’s stock valued at $51,000 after acquiring an additional 123 shares during the last quarter. Finally, First Bank & Trust lifted its stake in shares of 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 buying an additional 50 shares during the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on HD. Barclays raised their target price on shares of The Home Depot from $260.00 to $315.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Truist Financial raised their target price on shares of The Home Depot from $240.00 to $300.00 in a research note on Wednesday, August 12th. Credit Suisse Group restated a “buy” rating and set a $300.00 target price on shares of The Home Depot in a research note on Monday, August 17th. Exane BNP Paribas began coverage on shares of The Home Depot in a research note on Monday, October 5th. They set an “outperform” rating and a $310.00 target price for the company. Finally, Jefferies Financial Group lifted their price objective on shares of The Home Depot from $306.00 to $332.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Six equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Home Depot currently has a consensus rating of “Buy” and an average price target of $288.88.
In other news, EVP Teresa Wynn Roseborough sold 41,947 shares of the business’s 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 business’s 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 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 a total of 105,624 shares of company stock worth $29,429,883 over the last three months. Insiders own 0.26% of the company’s stock.
HD traded down $7.05 during trading on Tuesday, reaching $272.52. 109,776 shares of the company’s stock were exchanged, 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 stock 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 firm has a fifty day moving average price of $279.64 and a two-hundred day moving average price of $263.61.
The Home Depot (NYSE:HD) last posted its 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. 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 period in the previous year, the firm posted $3.17 EPS. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 11.43 earnings per share for the current year.
The 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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
Further Reading: Terms to Better Understand Call Options
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).
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.