Sicart Associates LLC purchased a new position in shares of Home Depot Inc (NYSE:HD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,000 shares of the home improvement retailer’s stock, valued at approximately $251,000.

Other large investors have also recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new position in Home Depot during the 1st quarter worth $27,000. Lion Street Advisors LLC bought a new position in shares of Home Depot in the 1st quarter valued at $28,000. Price Wealth LLC increased its stake in shares of 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 last quarter. Selective Wealth Management Inc. increased its stake in shares of Home Depot by 243.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 100 shares during the last quarter. Finally, Cordasco Financial Network increased its stake in shares of Home Depot by 120.5% in the 1st quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock valued at $46,000 after purchasing an additional 135 shares during the last quarter. 69.65% of the stock is owned by institutional investors and hedge funds.

In related news, EVP William G. Lennie sold 17,993 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total value of $4,246,707.86. Following the completion of the sale, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Several brokerages have recently issued reports on HD. Wells Fargo & Co lifted their price target on Home Depot from $270.00 to $295.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Oppenheimer assumed coverage on Home Depot in a research note on Friday, July 10th. They issued a “buy” rating and a $274.00 price target on the stock. CSFB boosted their price objective on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Credit Suisse Group boosted their price objective on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Finally, Telsey Advisory Group boosted their price objective on Home Depot from $220.00 to $250.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Home Depot has an average rating of “Buy” and an average price target of $256.30.

Shares of NYSE:HD traded down $0.82 during midday trading on Friday, reaching $265.49. The company’s stock had a trading volume of 3,640,388 shares, compared to its average volume of 2,813,202. The firm has a market capitalization of $285.54 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.31 and a beta of 1.06. The firm has a 50 day moving average price of $252.21 and a two-hundred day moving average price of $229.53. Home Depot Inc has a fifty-two week low of $140.63 and a fifty-two week high of $269.07.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.19). The business had revenue of $28.26 billion during the quarter, compared to analyst estimates of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 earnings per share. As a group, sell-side analysts anticipate that Home Depot Inc will post 10.09 EPS for the current year.

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

See Also: Net Margin

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

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