Raymond James Trust N.A. Purchases 550 Shares of Home Depot Inc (NYSE:HD)
Raymond James Trust N.A. increased its position in Home Depot Inc (NYSE:HD) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,315 shares of the home improvement retailer’s stock after acquiring an additional 550 shares during the period. Home Depot makes up about 1.7% of Raymond James Trust N.A.’s investment portfolio, making the stock its 6th biggest position. Raymond James Trust N.A.’s holdings in Home Depot were worth $38,412,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Price Wealth LLC grew its holdings in shares of 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 acquiring an additional 72 shares during the period. Selective Wealth Management Inc. grew its holdings 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 buying an additional 100 shares during the last quarter. Evolution Wealth Advisors LLC grew its holdings in Home Depot by 138.8% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock valued at $48,000 after buying an additional 111 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in Home Depot during the 2nd quarter valued at $57,000. Finally, Your Advocates Ltd. LLP grew its holdings in Home Depot by 51.4% during the 2nd 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. Institutional investors and hedge funds own 69.00% of the company’s stock.
A number of brokerages have commented on HD. Barclays increased their target price on Home Depot from $260.00 to $315.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. BofA Securities upgraded Home Depot from a “neutral” rating to a “buy” rating and increased their target price for the company from $290.00 to $330.00 in a report on Wednesday, August 19th. DA Davidson began coverage on Home Depot in a report on Friday, August 14th. They set a “neutral” rating and a $290.00 target price on the stock. They noted that the move was a valuation call. Truist Financial increased their target price on Home Depot from $240.00 to $300.00 in a report on Wednesday, August 12th. Finally, Wells Fargo & Company raised their price objective on 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. Eight analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and an average target price of $288.79.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 EPS for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.82. Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The company had revenue of $38.05 billion during the quarter, compared to the consensus estimate of $32.13 billion. During the same period in the previous year, the firm posted $3.17 earnings per share. Home Depot’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, analysts anticipate that Home Depot Inc will post 11.36 earnings per share for the current fiscal year.
In other news, EVP Matt Carey sold 13,680 shares of Home Depot stock in a transaction that occurred on Sunday, August 16th. The stock was sold at an average price of $194.35, for a total transaction of $2,658,708.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP William G. Lennie sold 13,199 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $283.22, for a total value of $3,738,220.78. Following the sale, the executive vice president now directly owns 49,736 shares in the company, valued at approximately $14,086,229.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,304 shares of company stock valued at $32,088,591. 0.26% of the stock is currently owned by insiders.
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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