Access Financial Services Inc. Takes $204,000 Position in Home Depot Inc (HD)
Access Financial Services Inc. bought a new position in shares of Home Depot Inc (NYSE:HD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,245 shares of the home improvement retailer’s stock, valued at approximately $204,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Fiduciary Trust Co. lifted its holdings in Home Depot by 0.6% during the 3rd quarter. Fiduciary Trust Co. now owns 288,600 shares of the home improvement retailer’s stock worth $47,203,000 after purchasing an additional 1,600 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Home Depot by 0.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 328,353 shares of the home improvement retailer’s stock worth $53,705,000 after purchasing an additional 1,161 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in Home Depot by 4.1% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 76,536 shares of the home improvement retailer’s stock worth $12,518,000 after purchasing an additional 3,025 shares during the last quarter. Pettee Investors Inc. lifted its holdings in Home Depot by 10.4% during the 3rd quarter. Pettee Investors Inc. now owns 9,727 shares of the home improvement retailer’s stock worth $1,591,000 after purchasing an additional 915 shares during the last quarter. Finally, Golub Group LLC lifted its holdings in Home Depot by 34.7% during the 3rd quarter. Golub Group LLC now owns 1,785 shares of the home improvement retailer’s stock worth $292,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 70.18% of the company’s stock.
Several analysts recently weighed in on the company. Piper Jaffray Companies reissued a “hold” rating and set a $164.00 price target on shares of Home Depot in a report on Sunday, October 1st. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird reissued an “outperform” rating and set a $195.00 price target on shares of Home Depot in a report on Thursday, November 30th. SunTrust Banks lifted their price objective on Home Depot to $167.00 and gave the company a “hold” rating in a report on Wednesday, November 15th. Finally, Telsey Advisory Group lifted their price objective on Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $183.28.
In other news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares in the company, valued at approximately $5,410,183.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.
Home Depot Inc (HD) opened at $199.82 on Thursday. Home Depot Inc has a 52 week low of $134.60 and a 52 week high of $199.82. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The stock has a market capitalization of $233,340.00, a price-to-earnings ratio of 27.71, a PEG ratio of 1.82 and a beta of 1.11.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same quarter last year, the company posted $1.60 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. sell-side analysts expect that Home Depot Inc will post 7.39 earnings per share for the current year.
Home Depot announced that its Board of Directors has authorized a share repurchase 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 reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
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.
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.