ARS Investment Partners LLC Has $509,000 Holdings in Home Depot, Inc. (The) (HD)

ARS Investment Partners LLC held its position in Home Depot, Inc. (The) (NYSE:HD) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,316 shares of the home improvement retailer’s stock at the close of the second quarter. ARS Investment Partners LLC’s holdings in Home Depot, Inc. (The) were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Boston Partners acquired a new position in Home Depot, Inc. (The) in the first quarter valued at $326,895,000. Harbour Capital Advisors LLC increased its stake in Home Depot, Inc. (The) by 15,121.1% in the second quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after purchasing an additional 1,852,784 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Home Depot, Inc. (The) by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after purchasing an additional 1,734,963 shares during the period. Karp Capital Management Corp acquired a new position in Home Depot, Inc. (The) in the first quarter valued at $99,739,000. Finally, Jennison Associates LLC increased its stake in Home Depot, Inc. (The) by 11.7% in the first quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after purchasing an additional 556,596 shares during the period. Institutional investors own 71.36% of the company’s stock.

Home Depot, Inc. (HD) opened at $164.11 on Monday. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48. The firm has a market cap of $193,455.83, a P/E ratio of 23.58, a PEG ratio of 1.65 and a beta of 1.08. Home Depot, Inc. has a 52-week low of $122.92 and a 52-week high of $167.94.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.04. The business had revenue of $28.11 billion during the quarter, compared to analyst estimates of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.97 earnings per share. analysts forecast that Home Depot, Inc. will post 7.32 EPS for the current year.

In other news, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were 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 owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction 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 approximately $4,984,977.33. The disclosure for this sale can be found here. In the last three months, insiders sold 57,717 shares of company stock valued at $8,916,321. Company insiders own 0.26% of the company’s stock.

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Several analysts have recently weighed in on HD shares. Vetr raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $164.18 target price on the stock in a report on Thursday, July 20th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a report on Monday, July 24th. BidaskClub downgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Longbow Research reaffirmed a “buy” rating and issued a $175.00 target price on shares of Home Depot, Inc. (The) in a report on Monday, August 14th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $173.18.

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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