Home Depot Inc (HD) Shares Bought by Sii Investments Inc. WI
Sii Investments Inc. WI lifted its position in shares of Home Depot Inc (NYSE:HD) by 18.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,918 shares of the home improvement retailer’s stock after purchasing an additional 4,062 shares during the period. Sii Investments Inc. WI’s holdings in Home Depot were worth $4,238,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in Home Depot by 2,013.2% in the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after acquiring an additional 3,162,631 shares during the period. Westfield Capital Management Co. LP acquired a new position in Home Depot in the 2nd quarter valued at about $133,780,000. Parametric Portfolio Associates LLC increased its position in Home Depot by 35.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after acquiring an additional 850,074 shares during the period. Jennison Associates LLC increased its position in Home Depot by 14.4% in the 2nd quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after acquiring an additional 761,586 shares during the period. Finally, Vanguard Group Inc. increased its position in Home Depot by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after acquiring an additional 703,292 shares during the period. Institutional investors and hedge funds own 70.34% of the company’s stock.
HD has been the topic of several recent research reports. Credit Suisse Group restated a “hold” rating on shares of Home Depot in a research report on Tuesday, December 12th. Deutsche Bank boosted their price target on Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. SunTrust Banks boosted their price target on Home Depot from $167.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, December 7th. Citigroup restated a “buy” rating and issued a $213.00 price target on shares of Home Depot in a research report on Thursday, December 7th. Finally, BTIG Research boosted their price target on Home Depot to $215.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $190.32.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS. research analysts expect that Home Depot Inc will post 7.38 earnings per share for the current fiscal year.
Home Depot announced that its Board of Directors has approved a stock buyback program on Wednesday, December 6th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by insiders.
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About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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