Gamco Investors INC. ET AL Sells 7,626 Shares of Home Depot Inc (HD)

Gamco Investors INC. ET AL lessened its holdings in Home Depot Inc (NYSE:HD) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,008 shares of the home improvement retailer’s stock after selling 7,626 shares during the period. Gamco Investors INC. ET AL’s holdings in Home Depot were worth $47,996,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Lucia Wealth Services LLC acquired a new stake in shares of Home Depot during the first quarter worth approximately $101,000. Institutional & Family Asset Management LLC acquired a new stake in shares of Home Depot during the first quarter worth approximately $108,000. Advisors Preferred LLC increased its holdings in shares of Home Depot by 819.7% during the second quarter. Advisors Preferred LLC now owns 653 shares of the home improvement retailer’s stock worth $127,000 after buying an additional 582 shares in the last quarter. Clarus Wealth Advisors acquired a new stake in shares of Home Depot during the second quarter worth approximately $136,000. Finally, Landaas & Co. WI ADV acquired a new stake in shares of Home Depot during the second quarter worth approximately $148,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

In other Home Depot news, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction 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 $8,077,093.48. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

HD has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $227.00 price objective on shares of Home Depot in a report on Wednesday, August 15th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price objective for the company in a report on Tuesday, July 17th. Wells Fargo & Co reaffirmed a “buy” rating and set a $230.00 price objective on shares of Home Depot in a report on Sunday, September 16th. Jefferies Financial Group initiated coverage on shares of Home Depot in a report on Tuesday, August 21st. They set a “buy” rating and a $228.00 price objective for the company. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $203.00 price objective on shares of Home Depot in a report on Thursday, August 16th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $205.28.

Shares of Home Depot stock opened at $188.00 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 company has a market capitalization of $208.24 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.43 and a beta of 1.26. Home Depot Inc has a fifty-two week low of $162.28 and a fifty-two week high of $215.43.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. The business had revenue of $30.46 billion during the quarter, compared to analyst estimates of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. Home Depot’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. Equities analysts predict that Home Depot Inc will post 9.57 earnings per share for the current fiscal year.

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

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