Occidental Asset Management LLC Boosts Holdings in Home Depot Inc (NYSE:HD)

Occidental Asset Management LLC grew its holdings in shares of Home Depot Inc (NYSE:HD) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,741 shares of the home improvement retailer’s stock after acquiring an additional 168 shares during the quarter. Home Depot accounts for approximately 0.6% of Occidental Asset Management LLC’s holdings, making the stock its 27th biggest holding. Occidental Asset Management LLC’s holdings in Home Depot were worth $1,402,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HD. Evolution Wealth Advisors LLC bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $31,000. Thor Advisors LLC bought a new position in shares of Home Depot during the 1st quarter valued at approximately $32,000. Virtus ETF Advisers LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $32,000. Enlightenment Research LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $34,000. Finally, Private Ocean LLC boosted its position in shares of Home Depot by 53.3% during the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock valued at $36,000 after acquiring an additional 72 shares during the last quarter. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on HD shares. Goldman Sachs Group started coverage on Home Depot in a research report on Thursday, July 11th. They set a “buy” rating and a $235.00 target price for the company. Telsey Advisory Group reiterated a “market perform” rating and set a $192.00 target price on shares of Home Depot in a research report on Wednesday, May 1st. Gabelli downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Stifel Nicolaus increased their target price on Home Depot to $230.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Robert W. Baird reiterated a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Home Depot presently has an average rating of “Buy” and an average target price of $210.12.

NYSE:HD traded up $1.86 during midday trading on Friday, hitting $203.65. 3,983,300 shares of the company traded hands, compared to its average volume of 3,138,303. The firm’s fifty day moving average is $211.99 and its 200-day moving average is $198.76. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $219.30. The firm has a market capitalization of $222.03 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.87 and a beta of 1.12.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company had revenue of $26.38 billion for the quarter, compared to analyst estimates of $26.34 billion. During the same quarter in the prior year, the firm posted $2.08 EPS. Home Depot’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate that Home Depot Inc will post 10.1 earnings per share for the current fiscal year.

In other news, CFO Carol B. Tome sold 26,334 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $189.17, for a total transaction of $4,981,602.78. Following the transaction, the chief financial officer now owns 519,253 shares in the company, valued at $98,227,090.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 13,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the transaction, the executive vice president now owns 64,575 shares in the company, valued at approximately $12,482,347.50. The disclosure for this sale can be found here. Insiders have sold a total of 82,522 shares of company stock worth $16,156,831 in the last 90 days. 0.27% of the stock is currently owned by insiders.

Home Depot Company 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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