Home Depot, Inc. (The) (HD) Holdings Cut by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 169,995 shares of the home improvement retailer’s stock after selling 1,258 shares during the period. Janney Montgomery Scott LLC’s holdings in Home Depot, Inc. (The) were worth $26,077,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantitative Systematic Strategies LLC lifted its holdings in shares of Home Depot, Inc. (The) by 12.2% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 19,718 shares of the home improvement retailer’s stock valued at $3,001,000 after purchasing an additional 2,139 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Home Depot, Inc. (The) in the 1st quarter valued at approximately $99,739,000. Baystate Wealth Management LLC raised its position in Home Depot, Inc. (The) by 155.7% in the 1st quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock valued at $441,000 after buying an additional 1,831 shares during the last quarter. Comerica Securities Inc. raised its position in Home Depot, Inc. (The) by 111.7% in the 1st quarter. Comerica Securities Inc. now owns 9,800 shares of the home improvement retailer’s stock valued at $1,439,000 after buying an additional 5,170 shares during the last quarter. Finally, Paragon Wealth Strategies LLC raised its position in Home Depot, Inc. (The) by 18.7% in the 1st quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock valued at $267,000 after buying an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 71.38% of the company’s stock.

HD has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $176.00 target price on shares of Home Depot, Inc. (The) in a research report on Friday, June 16th. Zacks Investment Research lowered Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Vetr lowered Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price on the stock. in a research report on Monday, June 19th. Jefferies Group LLC reissued a “buy” rating and issued a $182.00 target price on shares of Home Depot, Inc. (The) in a research report on Thursday, August 10th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $179.00 target price on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $172.38.

Shares of Home Depot, Inc. (NYSE HD) opened at 165.16 on Wednesday. The stock’s 50 day moving average price is $158.05 and its 200-day moving average price is $153.74. The company has a market capitalization of $194.69 billion, a P/E ratio of 23.77 and a beta of 1.07. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $166.63.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The firm had revenue of $28.11 billion during the quarter, compared to analyst estimates of $27.84 billion. During the same period last year, the company earned $1.97 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts expect that Home Depot, Inc. will post $7.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is currently 51.15%.

In other news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the transaction, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The disclosure for this sale can be found here. Insiders sold 57,717 shares of company stock valued at $8,916,321 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

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Home Depot, Inc. (The) Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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