Archford Capital Strategies LLC Sells 1,679 Shares of Home Depot Inc (NYSE:HD)

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Archford Capital Strategies LLC reduced its position in Home Depot Inc (NYSE:HD) by 16.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,665 shares of the home improvement retailer’s stock after selling 1,679 shares during the period. Archford Capital Strategies LLC’s holdings in Home Depot were worth $1,802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Evolution Wealth Advisors LLC bought a new stake in Home Depot during the 2nd quarter valued at approximately $31,000. Virtus ETF Advisers LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $32,000. Thor Advisors LLC acquired a new position in shares of Home Depot in the 1st quarter worth approximately $32,000. Enlightenment Research LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $34,000. Finally, Private Ocean LLC raised its holdings in shares of Home Depot by 53.3% in the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 72 shares in the last quarter. 69.81% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Matt Carey sold 34,688 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the completion of the transaction, the executive vice president now directly owns 81,982 shares in the company, valued at $16,567,742.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Carol B. Tome sold 26,334 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $189.17, for a total value of $4,981,602.78. Following the completion of the sale, the chief financial officer now owns 519,253 shares of the company’s stock, valued at $98,227,090.01. The disclosure for this sale can be found here. Insiders have sold 82,522 shares of company stock valued at $16,156,831 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Robert W. Baird reissued a “positive” rating on shares of Home Depot in a report on Thursday, April 25th. Wedbush set a $190.00 price target on Home Depot and gave the company a “hold” rating in a report on Wednesday, May 22nd. Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Loop Capital lifted their target price on Home Depot to $195.00 and gave the company a “hold” rating in a research note on Friday, July 19th. Finally, ValuEngine cut Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $209.72.

Shares of NYSE:HD opened at $201.79 on Friday. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $219.30. The stock has a market cap of $227.73 billion, a PE ratio of 20.40, a P/E/G ratio of 1.91 and a beta of 1.12. The business has a 50 day moving average of $212.09 and a 200-day moving average of $198.74.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.10. The business had revenue of $26.38 billion during the quarter, compared to analysts’ expectations of $26.34 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.08 earnings per share. On average, analysts forecast that Home Depot Inc will post 10.1 earnings per share for the current year.

About Home Depot

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.

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

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