Home Depot Inc (HD) Position Increased by Brookstone Capital Management

Brookstone Capital Management increased its holdings in shares of Home Depot Inc (NYSE:HD) by 12.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,247 shares of the home improvement retailer’s stock after acquiring an additional 1,145 shares during the quarter. Brookstone Capital Management’s holdings in Home Depot were worth $2,123,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Amussen Hunsaker Associates LLC bought a new stake in shares of Home Depot in the second quarter valued at $107,000. CSat Investment Advisory L.P. bought a new stake in shares of Home Depot in the second quarter valued at $112,000. Mainstay Capital Management LLC ADV raised its stake in shares of Home Depot by 203.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock valued at $116,000 after buying an additional 400 shares during the period. RPg Family Wealth Advisory LLC raised its stake in shares of Home Depot by 84.6% in the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 275 shares during the period. Finally, Fort L.P. bought a new stake in shares of Home Depot in the second quarter valued at $120,000. Institutional investors and hedge funds own 69.78% of the company’s stock.

In other news, Director Wayne M. Hewett acquired 250 shares of the business’s stock in a transaction dated Wednesday, November 21st. The stock was purchased at an average cost of $169.62 per share, for a total transaction of $42,405.00. Following the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $508,860. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Craig A. Menear sold 117,327 shares of the company’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total value of $21,168,137.34. Following the completion of the transaction, the chief executive officer now owns 264,970 shares of the company’s stock, valued at $47,805,887.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 13,750 shares of company stock valued at $2,401,470 and have sold 137,987 shares valued at $24,769,526. 0.25% of the stock is owned by insiders.

Home Depot stock opened at $179.58 on Friday. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $215.43. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. The stock has a market cap of $199.97 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The business had revenue of $26.30 billion during the quarter, compared to analysts’ expectations of $26.23 billion. During the same period in the previous year, the business earned $1.84 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Home Depot Inc will post 9.81 earnings per share for the current fiscal year.

HD has been the topic of several research reports. Zacks Investment Research lowered Home Depot from a “buy” rating to a “sell” rating in a research note on Tuesday, October 16th. Credit Suisse Group lowered their target price on Home Depot from $204.00 to $194.00 and set a “neutral” rating on the stock in a research note on Thursday, November 15th. Deutsche Bank lowered their target price on Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Citigroup lowered their target price on Home Depot from $227.00 to $226.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Finally, Royal Bank of Canada decreased their price objective on Home Depot from $218.00 to $208.00 and set an “outperform” rating on the stock in a research note on Monday, November 12th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Home Depot has a consensus rating of “Buy” and an average target price of $204.60.

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Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Further Reading: What is the Dividend Aristocrat Index?

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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