SPC Financial Inc. Increases Holdings in Home Depot Inc (NYSE:HD)

SPC Financial Inc. lifted its position in Home Depot Inc (NYSE:HD) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,732 shares of the home improvement retailer’s stock after purchasing an additional 142 shares during the quarter. SPC Financial Inc.’s holdings in Home Depot were worth $2,648,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in Home Depot by 8,331.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock valued at $125,000 after acquiring an additional 21,212,570 shares in the last quarter. Clearbridge Investments LLC raised its position in Home Depot by 2.2% during the first quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock valued at $1,381,583,000 after acquiring an additional 158,174 shares in the last quarter. Janus Henderson Group PLC raised its position in Home Depot by 2.4% during the second quarter. Janus Henderson Group PLC now owns 5,536,321 shares of the home improvement retailer’s stock valued at $1,151,422,000 after acquiring an additional 127,532 shares in the last quarter. Fisher Asset Management LLC raised its position in Home Depot by 2.9% during the second quarter. Fisher Asset Management LLC now owns 4,854,657 shares of the home improvement retailer’s stock valued at $1,009,623,000 after acquiring an additional 138,011 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its position in Home Depot by 21,191.0% during the second quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock valued at $353,410,000 after acquiring an additional 3,517,498 shares in the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

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

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, beating the 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 period last year, the company earned $2.08 earnings per share. Home Depot’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts forecast that Home Depot Inc will post 10.1 earnings per share for the current year.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total value of $1,652,230.00. Following the sale, the executive vice president now directly owns 13,357 shares of the company’s stock, valued at $2,596,333.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Carol B. Tome sold 26,334 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $189.17, for a total value of $4,981,602.78. Following the completion of the sale, the chief financial officer now directly owns 519,253 shares in the company, valued at $98,227,090.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,522 shares of company stock worth $16,156,831. 0.27% of the stock is owned by corporate insiders.

Several research analysts recently weighed in on the company. Gabelli cut 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. ValuEngine cut Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Loop Capital lifted their price target on Home Depot to $195.00 and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, Robert W. Baird reiterated a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $210.12.

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

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