Home Depot Inc (NYSE:HD) Stake Decreased by Professional Planning

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Professional Planning lessened its holdings in shares of Home Depot Inc (NYSE:HD) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,192 shares of the home improvement retailer’s stock after selling 544 shares during the period. Home Depot makes up 4.0% of Professional Planning’s portfolio, making the stock its 8th biggest position. Professional Planning’s holdings in Home Depot were worth $3,757,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $25,000. Enterprise Trust & Investment Co acquired a new position in Home Depot in the 3rd quarter valued at $27,000. Evolution Wealth Advisors LLC acquired a new position in Home Depot in the 2nd quarter valued at $31,000. MRA Associates USA LLC acquired a new position in Home Depot in the 2nd quarter valued at $34,000. Finally, Atwater Malick LLC acquired a new position in Home Depot in the 3rd quarter valued at $39,000. 70.02% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:HD traded down $0.10 on Friday, hitting $232.84. The stock had a trading volume of 2,038,410 shares, compared to its average volume of 2,590,316. The business’s fifty day moving average is $232.23 and its 200 day moving average is $214.66. The company has a market cap of $254.29 billion, a PE ratio of 23.54, a P/E/G ratio of 2.31 and a beta of 1.04. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $238.99.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.10. The business had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.05 earnings per share. As a group, analysts anticipate that Home Depot Inc will post 10.12 EPS for the current year.

In other Home Depot news, CFO Carol B. Tome sold 145,400 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the sale, the chief financial officer now directly owns 496,374 shares of the company’s stock, valued at $108,725,760.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward P. Decker sold 22,908 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total value of $5,203,552.20. Following the completion of the sale, the executive vice president now directly owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The disclosure for this sale can be found here. Insiders sold 177,508 shares of company stock worth $39,076,428 in the last 90 days. Corporate insiders own 0.27% of the company’s stock.

HD has been the subject of a number of recent analyst reports. Loop Capital upped their target price on Home Depot to $200.00 and gave the company a “hold” rating in a research report on Wednesday, August 21st. Credit Suisse Group upped their target price on Home Depot from $213.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday. Gabelli downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Argus set a $240.00 target price on Home Depot and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Raymond James reiterated an “outperform” rating and set a $250.00 target price on shares of Home Depot in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and a consensus price target of $229.77.

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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