Exane Derivatives Lowers Position in Home Depot Inc (NYSE:HD)

Exane Derivatives decreased its stake in Home Depot Inc (NYSE:HD) by 16.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 461 shares of the home improvement retailer’s stock after selling 94 shares during the quarter. Exane Derivatives’ holdings in Home Depot were worth $128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Price Wealth LLC boosted its holdings in 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 buying an additional 72 shares during the period. Selective Wealth Management Inc. raised its stake in Home Depot by 243.9% during 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 period. Evolution Wealth Advisors LLC lifted its holdings in Home Depot by 138.8% in 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 in the last quarter. NuWave Investment Management LLC bought a new position in Home Depot in the 2nd quarter worth approximately $57,000. Finally, Your Advocates Ltd. LLP raised its position in shares of Home Depot by 51.4% during the second quarter. Your Advocates Ltd. LLP now owns 221 shares of the home improvement retailer’s stock valued at $57,000 after buying an additional 75 shares during the last quarter. 69.00% of the stock is currently owned by hedge funds and other institutional investors.

In other 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 transaction of $11,738,029.01. Also, EVP Matt Carey sold 50,478 shares of the 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 directly owns 62,735 shares in the company, valued at $17,341,836.05. The disclosure for this sale can be found here. In the last three months, insiders sold 119,304 shares of company stock valued at $32,088,591. Corporate insiders own 0.26% of the company’s stock.

NYSE HD traded up $1.40 during midday trading on Friday, hitting $285.92. 2,240,096 shares of the company traded hands, compared to its average volume of 5,023,410. Home Depot Inc has a 52 week low of $140.63 and a 52 week high of $292.95. The company’s 50-day simple moving average is $278.05 and its 200-day simple moving average is $247.32. The company has a market cap of $307.78 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.09.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.20 by $0.82. The company had revenue of $38.05 billion during the quarter, compared to the consensus estimate of $32.13 billion. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. Home Depot’s revenue was up 23.4% compared to the same quarter last year. During the same period last year, the firm earned $3.17 earnings per share. As a group, research analysts anticipate that Home Depot Inc will post 11.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, September 2nd. Home Depot’s dividend payout ratio (DPR) is presently 58.54%.

Several equities analysts recently weighed in on HD shares. Telsey Advisory Group raised their target price on shares of Home Depot from $290.00 to $300.00 and gave the company a “market perform” rating in a research note on Wednesday, August 19th. Robert W. Baird lifted their target price on Home Depot from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Wells Fargo & Company raised their price target on Home Depot from $295.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. They noted that the move was a valuation call. Barclays lifted their price objective on Home Depot from $260.00 to $315.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Finally, Goldman Sachs Group increased their target price on Home Depot from $265.00 to $301.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Eight equities research 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 company presently has an average rating of “Buy” and a consensus target price of $288.79.

Home Depot 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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Read More: Beige Book

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

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