Pittenger & Anderson Inc. increased its holdings in shares of Home Depot Inc (NYSE:HD) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,610 shares of the home improvement retailer’s stock after acquiring an additional 545 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Home Depot were worth $754,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Home Depot by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after buying an additional 703,292 shares during the period. Capital Research Global Investors increased its holdings in Home Depot by 0.9% in the 2nd quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock valued at $3,071,943,000 after buying an additional 170,139 shares during the period. Northern Trust Corp increased its holdings in Home Depot by 1.3% in the 2nd quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock valued at $2,659,010,000 after buying an additional 222,958 shares during the period. Alliancebernstein L.P. increased its holdings in Home Depot by 1.1% in the 2nd quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock valued at $1,231,485,000 after buying an additional 84,750 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Home Depot by 4.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 6,089,219 shares of the home improvement retailer’s stock valued at $995,953,000 after buying an additional 249,947 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on HD shares. BTIG Research raised their target price on shares of Home Depot to $215.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Argus raised their target price on shares of Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Oppenheimer set a $178.00 target price on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. Jefferies Group restated a “buy” rating and issued a $223.00 price target on shares of Home Depot in a research note on Monday, February 5th. Finally, SunTrust Banks raised their price target on shares of Home Depot to $167.00 and gave the company a “hold” rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Home Depot has an average rating of “Buy” and an average price target of $190.32.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS. equities research analysts forecast that Home Depot Inc will post 7.38 earnings per share for the current fiscal year.
Home Depot announced that its board has authorized a stock repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares in the company, valued at approximately $5,410,183.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.
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Home Depot Company 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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