Brick & Kyle Associates Has $2.75 Million Holdings in Home Depot Inc (HD)
Brick & Kyle Associates raised its holdings in Home Depot Inc (NYSE:HD) by 482.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,083 shares of the home improvement retailer’s stock after purchasing an additional 11,666 shares during the quarter. Home Depot accounts for about 2.2% of Brick & Kyle Associates’ holdings, making the stock its 17th biggest position. Brick & Kyle Associates’ holdings in Home Depot were worth $2,748,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. HC Financial Advisors Inc. purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $3,778,000. Shepherd Financial Partners LLC boosted its stake in shares of Home Depot by 7.2% during the 1st quarter. Shepherd Financial Partners LLC now owns 9,039 shares of the home improvement retailer’s stock worth $1,612,000 after acquiring an additional 607 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Home Depot by 1.5% during the 1st quarter. Whittier Trust Co. now owns 77,255 shares of the home improvement retailer’s stock worth $13,770,000 after acquiring an additional 1,152 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Home Depot by 6.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,774,361 shares of the home improvement retailer’s stock worth $672,742,000 after acquiring an additional 213,914 shares in the last quarter. Finally, Westpac Banking Corp boosted its stake in shares of Home Depot by 57.4% during the 1st quarter. Westpac Banking Corp now owns 159,474 shares of the home improvement retailer’s stock worth $28,425,000 after acquiring an additional 58,146 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.
Shares of HD opened at $179.85 on Friday. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37. The firm has a market capitalization of $211.86 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. Home Depot Inc has a fifty-two week low of $160.53 and a fifty-two week high of $215.43.
HD has been the topic of several research analyst reports. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price target on the stock in a research note on Tuesday, July 17th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $230.00 target price on shares of Home Depot in a research note on Sunday, September 16th. Citigroup upped their target price on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, August 10th. Jefferies Financial Group initiated coverage on Home Depot in a research note on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price on the stock. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $203.00 target price on shares of Home Depot in a research note on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. Home Depot presently has an average rating of “Buy” and a consensus target price of $206.68.
In other Home Depot news, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the transaction, the executive vice president now directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
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.
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