Amica Pension Fund Board of Trustees maintained its position in Home Depot Inc (NYSE:HD) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,338 shares of the home improvement retailer’s stock at the end of the first quarter. Home Depot comprises about 0.9% of Amica Pension Fund Board of Trustees’ holdings, making the stock its 19th largest position. Amica Pension Fund Board of Trustees’ holdings in Home Depot were worth $7,244,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Advantage Investment Management LLC acquired a new stake in Home Depot during the fourth quarter worth about $103,000. Riggs Asset Managment Co. Inc. increased its stake in Home Depot by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC increased its stake in Home Depot by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Home Depot during the fourth quarter worth about $131,000. Finally, University of Texas Investment Managment Co. acquired a new stake in Home Depot during the first quarter worth about $132,000. 71.27% of the stock is currently owned by hedge funds and other institutional investors.
Home Depot Inc (HD) opened at 154.26 on Tuesday. The stock’s 50 day moving average price is $151.41 and its 200 day moving average price is $149.89. The stock has a market cap of $184.43 billion, a price-to-earnings ratio of 23.08 and a beta of 1.08. Home Depot Inc has a 12-month low of $119.20 and a 12-month high of $160.86.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.06. Home Depot had a return on equity of 194.77% and a net margin of 8.43%. The business had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the prior year, the business earned $1.44 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Analysts forecast that Home Depot Inc will post $7.25 EPS for the current fiscal year.
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A number of research analysts have weighed in on HD shares. Atlantic Securities cut shares of Home Depot from an “overweight” rating to a “neutral” rating and set a $168.00 price objective on the stock. in a research report on Thursday, May 11th. Stifel Nicolaus reiterated a “buy” rating and set a $178.00 price objective (up previously from $165.00) on shares of Home Depot in a research report on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 price objective on shares of Home Depot and gave the company a “buy” rating in a research report on Tuesday, May 16th. UBS AG reiterated a “buy” rating and set a $175.00 price objective (up previously from $173.00) on shares of Home Depot in a research report on Wednesday, May 17th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $152.00 price target on shares of Home Depot in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company. Home Depot has an average rating of “Buy” and a consensus price target of $165.12.
In other news, Director Wayne M. Hewett acquired 350 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $157.11 per share, for a total transaction of $54,988.50. Following the acquisition, the director now directly owns 1,400 shares in the company, valued at approximately $219,954. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Craig A. Menear sold 90,661 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total value of $14,214,738.19. Following the completion of the transaction, the chief executive officer now owns 240,090 shares in the company, valued at $37,643,711.10. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock worth $20,167,386 over the last quarter. 0.26% of the stock is currently owned by company insiders.
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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