Home Depot, Inc. (The) (HD) Stake Boosted by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC increased its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 65.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,189 shares of the home improvement retailer’s stock after purchasing an additional 3,626 shares during the period. Alpha Cubed Investments LLC’s holdings in Home Depot, Inc. (The) were worth $1,410,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Janney Capital Management LLC lifted its holdings in shares of Home Depot, Inc. (The) by 1.8% during the 2nd quarter. Janney Capital Management LLC now owns 1,792 shares of the home improvement retailer’s stock valued at $274,000 after purchasing an additional 32 shares in the last quarter. Loeb Partners Corp bought a new position in shares of Home Depot, Inc. (The) during the 2nd quarter valued at about $230,000. Schnieders Capital Management LLC lifted its holdings in shares of Home Depot, Inc. (The) by 3.9% during the 2nd quarter. Schnieders Capital Management LLC now owns 11,990 shares of the home improvement retailer’s stock valued at $1,839,000 after purchasing an additional 450 shares in the last quarter. Texas Capital Bancshares Inc. TX bought a new position in shares of Home Depot, Inc. (The) during the 2nd quarter valued at about $460,000. Finally, Harbour Capital Advisors LLC lifted its holdings in shares of Home Depot, Inc. (The) by 15,121.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after purchasing an additional 1,852,784 shares in the last quarter. Institutional investors and hedge funds own 71.38% of the company’s stock.

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Several equities analysts have recently weighed in on HD shares. Vetr cut Home Depot, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $164.18 price objective on the stock. in a report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Monday, July 24th. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Thursday, June 22nd. Finally, Longbow Research reissued a “buy” rating and issued a $175.00 target price on shares of Home Depot, Inc. (The) in a research report on Monday, August 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot, Inc. (The) has an average rating of “Buy” and a consensus price target of $172.38.

In other news, EVP Ann Marie Campbell sold 10,717 shares of Home Depot, Inc. (The) stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of the transaction, the executive vice president now directly owns 64,810 shares in the company, valued at $9,877,044. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of Home Depot, Inc. (The) stock in a transaction on Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the transaction, the executive vice president now owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,717 shares of company stock valued at $8,916,321. 0.26% of the stock is owned by company insiders.

Shares of Home Depot, Inc. (HD) opened at 165.16 on Wednesday. The stock’s 50 day moving average price is $158.05 and its 200-day moving average price is $153.74. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $166.63. The company has a market capitalization of $194.69 billion, a P/E ratio of 23.77 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion during the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.97 earnings per share. On average, equities analysts expect that Home Depot, Inc. will post $7.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

Home Depot, Inc. (The) Company Profile

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.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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