Home Depot, Inc. (The) (HD) Stake Lessened by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its position in Home Depot, Inc. (The) (NYSE:HD) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,183,980 shares of the home improvement retailer’s stock after selling 76,138 shares during the quarter. William Blair Investment Management LLC owned approximately 0.10% of Home Depot, Inc. (The) worth $181,623,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Home Depot, Inc. (The) by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after purchasing an additional 396,271 shares in the last quarter. Clearbridge Investments LLC raised its stake in Home Depot, Inc. (The) by 1.8% in the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock valued at $1,158,533,000 after purchasing an additional 140,221 shares in the last quarter. Jennison Associates LLC raised its stake in Home Depot, Inc. (The) by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after purchasing an additional 761,586 shares in the last quarter. Legal & General Group Plc raised its stake in Home Depot, Inc. (The) by 4.4% in the second quarter. Legal & General Group Plc now owns 5,897,791 shares of the home improvement retailer’s stock valued at $904,709,000 after purchasing an additional 247,475 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Home Depot, Inc. (The) by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,839,272 shares of the home improvement retailer’s stock valued at $895,745,000 after purchasing an additional 107,466 shares in the last quarter. 71.36% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot, Inc. (HD) opened at $168.06 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.48 and a debt-to-equity ratio of 6.87. The company has a market capitalization of $194,917.56, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.08. Home Depot, Inc. has a 52-week low of $122.92 and a 52-week high of $168.14.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.80 by $0.04. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. equities research analysts forecast that Home Depot, Inc. will post 7.33 EPS for the current fiscal year.

In other Home Depot, Inc. (The) news, 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 transaction of $2,255,850.00. Following the completion of the transaction, the executive vice president now owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly 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. Company insiders own 0.26% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.themarketsdaily.com/2017/11/15/home-depot-inc-the-hd-stake-lessened-by-william-blair-investment-management-llc.html.

HD has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Oppenheimer Holdings, Inc. set a $178.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and set a $182.00 price target on shares of Home Depot, Inc. (The) in a research report on Thursday, August 10th. Citigroup Inc. reiterated a “buy” rating and set a $179.00 price target on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Home Depot, Inc. (The) in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $173.58.

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.

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

Receive News & Ratings for Home Depot Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply