Freestone Capital Holdings LLC lifted its holdings in Home Depot Inc (NYSE:HD) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,749 shares of the home improvement retailer’s stock after buying an additional 562 shares during the period. Freestone Capital Holdings LLC’s holdings in Home Depot were worth $1,820,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Evolution Wealth Advisors LLC purchased a new stake in shares of Home Depot during the second quarter worth $31,000. Virtus ETF Advisers LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $32,000. Thor Advisors LLC purchased a new stake in shares of Home Depot during the first quarter worth $32,000. Enlightenment Research LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $34,000. Finally, Private Ocean LLC raised its holdings in shares of Home Depot by 53.3% during the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after acquiring an additional 72 shares in the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.
NYSE HD traded up $9.38 during trading on Tuesday, hitting $217.33. 4,786,413 shares of the company traded hands, compared to its average volume of 3,180,222. Home Depot Inc has a 12 month low of $158.09 and a 12 month high of $219.30. The business has a fifty day simple moving average of $211.81 and a 200 day simple moving average of $198.85. The company has a market capitalization of $224.07 billion, a P/E ratio of 21.97, a PEG ratio of 1.88 and a beta of 1.12.
HD has been the subject of several recent research reports. Loop Capital increased their price objective on Home Depot to $195.00 and gave the stock a “hold” rating in a report on Friday, July 19th. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Royal Bank of Canada cut their price objective on Home Depot from $223.00 to $217.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Gabelli lowered Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. They noted that the move was a valuation call. Finally, Wells Fargo & Co raised their target price on Home Depot from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $210.12.
In other news, CFO Carol B. Tome sold 26,334 shares of Home Depot stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $189.17, for a total value of $4,981,602.78. Following the transaction, the chief financial officer now directly owns 519,253 shares in the company, valued at $98,227,090.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matt Carey sold 34,688 shares of Home Depot stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the completion of the transaction, the executive vice president now owns 81,982 shares in the company, valued at $16,567,742.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,522 shares of company stock worth $16,156,831. Corporate insiders own 0.27% of the company’s stock.
About Home Depot
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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