Allred Capital Management LLC lowered its holdings in Home Depot Inc (NYSE:HD) by 0.5% during the third quarter, HoldingsChannel.com reports. The fund owned 7,442 shares of the home improvement retailer’s stock after selling 37 shares during the period. Home Depot accounts for about 1.2% of Allred Capital Management LLC’s portfolio, making the stock its 14th biggest position. Allred Capital Management LLC’s holdings in Home Depot were worth $2,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cedar Mountain Advisors LLC lifted its holdings in Home Depot by 4.5% in the second quarter. Cedar Mountain Advisors LLC now owns 934 shares of the home improvement retailer’s stock worth $234,000 after acquiring an additional 40 shares during the last quarter. NTV Asset Management LLC lifted its holdings in Home Depot by 0.5% in the second quarter. NTV Asset Management LLC now owns 7,634 shares of the home improvement retailer’s stock worth $1,912,000 after acquiring an additional 40 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its holdings in Home Depot by 0.3% in the second quarter. Birch Hill Investment Advisors LLC now owns 13,155 shares of the home improvement retailer’s stock worth $3,295,000 after acquiring an additional 40 shares during the last quarter. TCG Advisors LP lifted its holdings in Home Depot by 3.0% in the second quarter. TCG Advisors LP now owns 1,381 shares of the home improvement retailer’s stock worth $346,000 after acquiring an additional 40 shares during the last quarter. Finally, Alpha Windward LLC lifted its holdings in Home Depot by 1.4% in the second quarter. Alpha Windward LLC now owns 3,060 shares of the home improvement retailer’s stock worth $767,000 after acquiring an additional 41 shares during the last quarter. 69.00% of the stock is currently owned by hedge funds and other institutional investors.

HD has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on shares of Home Depot from $295.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. They noted that the move was a valuation call. BNP Paribas initiated coverage on Home Depot in a report on Monday, October 5th. They set an “outperform” rating and a $310.00 price target on the stock. Argus lifted their price target on Home Depot from $300.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. BofA Securities raised Home Depot from a “neutral” rating to a “buy” rating and lifted their price target for the company from $290.00 to $330.00 in a report on Wednesday, August 19th. Finally, Oppenheimer lowered shares of Home Depot from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $320.00 to $305.00 in a research report on Friday, September 18th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $288.79.

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 shares were sold at an average price of $279.83, for a total value of $11,738,029.01. Also, EVP Matt Carey sold 13,680 shares of the business’s stock in a transaction dated Sunday, August 16th. The shares were sold at an average price of $194.35, for a total transaction of $2,658,708.00. The disclosure for this sale can be found here. In the last three months, insiders sold 119,304 shares of company stock worth $32,088,591. 0.26% of the stock is currently owned by insiders.

NYSE HD opened at $287.66 on Friday. The stock has a market cap of $309.65 billion, a P/E ratio of 26.37, a PEG ratio of 2.38 and a beta of 1.09. The company’s 50-day simple moving average is $278.34 and its 200 day simple moving average is $251.27. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $292.95.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.82. The business had revenue of $38.05 billion for the quarter, compared to analysts’ expectations of $32.13 billion. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.17 earnings per share. As a group, equities analysts predict that Home Depot Inc will post 11.36 EPS for the current year.

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

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

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