Panagora Asset Management Inc. Raises Holdings in Home Depot Inc (HD)

Panagora Asset Management Inc. lifted its holdings in shares of Home Depot Inc (NYSE:HD) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 912,470 shares of the home improvement retailer’s stock after buying an additional 69,094 shares during the period. Home Depot makes up about 0.7% of Panagora Asset Management Inc.’s investment portfolio, making the stock its 26th largest holding. Panagora Asset Management Inc. owned about 0.08% of Home Depot worth $189,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Amussen Hunsaker Associates LLC bought a new stake in Home Depot during the second quarter worth approximately $107,000. CSat Investment Advisory L.P. bought a new stake in Home Depot during the second quarter worth approximately $112,000. Mainstay Capital Management LLC ADV raised its holdings in Home Depot by 203.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after purchasing an additional 400 shares in the last quarter. RPg Family Wealth Advisory LLC raised its holdings in Home Depot by 84.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after purchasing an additional 275 shares in the last quarter. Finally, Fort L.P. bought a new stake in Home Depot during the second quarter worth approximately $120,000. Institutional investors and hedge funds own 71.53% of the company’s stock.

NYSE HD opened at $184.54 on Monday. The firm has a market capitalization of $208.44 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 1.40 and a beta of 1.10. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $215.43. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.24. The company had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 earnings per share. As a group, analysts anticipate that Home Depot Inc will post 9.8 EPS for the current year.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 7,203 shares of the business’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $177.45, for a total transaction of $1,278,172.35. Following the sale, the executive vice president now directly owns 23,109 shares of the company’s stock, valued at approximately $4,100,692.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 13,457 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the sale, the executive vice president now directly owns 56,198 shares in the company, valued at $9,702,022.72. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 13,750 shares of company stock worth $2,401,470 and sold 137,987 shares worth $24,769,526. 0.25% of the stock is currently owned by corporate insiders.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Monday, December 31st. Morgan Stanley dropped their target price on Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, October 23rd. Wells Fargo & Co dropped their target price on Home Depot from $230.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Bank of America cut Home Depot from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $219.00 to $195.00 in a report on Friday, November 16th. Finally, Loop Capital dropped their target price on Home Depot from $200.00 to $180.00 and set a “hold” rating on the stock in a report on Tuesday, November 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $204.60.

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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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