Home Depot, Inc. (The) (HD) Holdings Reduced by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its position in Home Depot, Inc. (The) (NYSE:HD) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,721,505 shares of the home improvement retailer’s stock after selling 82,072 shares during the quarter. Home Depot, Inc. (The) comprises about 0.7% of State Board of Administration of Florida Retirement System’s portfolio, making the stock its 20th largest position. State Board of Administration of Florida Retirement System owned about 0.14% of Home Depot, Inc. (The) worth $264,079,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HD. American Beacon Advisors Inc. bought a new stake in shares of Home Depot, Inc. (The) during the 1st quarter valued at approximately $100,000. Riggs Asset Managment Co. Inc. grew its holdings in shares of Home Depot, Inc. (The) by 114.1% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after purchasing an additional 397 shares during the last quarter. St. Johns Investment Management Company LLC grew its holdings in shares of Home Depot, Inc. (The) by 81.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after purchasing an additional 495 shares during the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of Home Depot, Inc. (The) by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after purchasing an additional 7 shares during the last quarter. Finally, Peoples Financial Services CORP. grew its holdings in shares of Home Depot, Inc. (The) by 12.2% during the 2nd quarter. Peoples Financial Services CORP. now owns 1,150 shares of the home improvement retailer’s stock valued at $176,000 after purchasing an additional 125 shares during the last quarter. 71.36% of the stock is currently owned by hedge funds and other institutional investors.

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Home Depot, Inc. (NYSE HD) opened at $168.06 on Wednesday. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.48 and a current ratio of 1.30. Home Depot, Inc. has a 1 year low of $122.92 and a 1 year high of $168.14. The stock has a market cap of $194,917.56, a price-to-earnings ratio of 23.76, a P/E/G ratio of 1.66 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the previous year, the company earned $1.60 EPS. Home Depot, Inc. (The)’s quarterly revenue was up 8.1% compared to the same quarter last year. research analysts expect that Home Depot, Inc. will post 7.33 earnings per share for the current fiscal year.

In other Home Depot, Inc. (The) news, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 33,147 shares in the company, valued at approximately $4,984,977.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

Several equities research analysts recently issued reports on HD shares. Zacks Investment Research lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Robert W. Baird set a $175.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Sunday, September 10th. Royal Bank Of Canada set a $179.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Monday, October 30th. Credit Suisse Group set a $171.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $170.00 price target on shares of Home Depot, Inc. (The) in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Home Depot, Inc. (The) has an average rating of “Buy” and an average target price of $173.58.

About Home Depot, Inc. (The)

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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