The Sanders Morris Harris Inc. Increases Stake in Home Depot, Inc. (The) (HD)

The Sanders Morris Harris Inc. Increases Stake in Home Depot, Inc. (The) (HD)

Sanders Morris Harris Inc. raised its stake in Home Depot, Inc. (The) (NYSE:HD) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,935 shares of the home improvement retailer’s stock after buying an additional 57 shares during the period. Sanders Morris Harris Inc.’s holdings in Home Depot, Inc. (The) were worth $635,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Brookfield Asset Management Inc. boosted its position in shares of Home Depot, Inc. (The) by 16.1% in the second quarter. Brookfield Asset Management Inc. now owns 813 shares of the home improvement retailer’s stock valued at $104,000 after buying an additional 113 shares during the period. Valley National Advisers Inc. boosted its position in shares of Home Depot, Inc. (The) by 17.6% in the second quarter. Valley National Advisers Inc. now owns 855 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 128 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Home Depot, Inc. (The) by 35.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 917 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 239 shares during the period. Invictus RG boosted its position in shares of Home Depot, Inc. (The) by 215.7% in the second quarter. Invictus RG now owns 944 shares of the home improvement retailer’s stock valued at $121,000 after buying an additional 645 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Home Depot, Inc. (The) by 247.0% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 968 shares of the home improvement retailer’s stock valued at $124,000 after buying an additional 689 shares during the period. 70.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Home Depot, Inc. (NYSE:HD) traded up 0.17% during trading on Wednesday, hitting $136.16. 3,869,678 shares of the company were exchanged. Home Depot, Inc. has a 12 month low of $109.62 and a 12 month high of $139.00. The firm has a market capitalization of $165.86 billion, a PE ratio of 22.10 and a beta of 1.09. The firm’s 50-day moving average price is $134.14 and its 200 day moving average price is $131.39.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. Home Depot, Inc. (The) had a net margin of 8.23% and a return on equity of 123.29%. The company earned $23.20 billion during the quarter, compared to analyst estimates of $23.05 billion. During the same period last year, the firm posted $1.36 EPS. Home Depot, Inc. (The)’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Home Depot, Inc. will post $6.34 earnings per share for the current fiscal year.

HD has been the subject of several recent analyst reports. Morgan Stanley set a $145.00 target price on shares of Home Depot, Inc. (The) and gave the stock a “hold” rating in a report on Wednesday, September 28th. Vetr cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $132.30 target price for the company. in a report on Monday, October 3rd. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a report on Tuesday, October 4th. Piper Jaffray Companies cut shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $152.00 to $121.00 in a report on Monday, October 31st. Finally, Macquarie reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a report on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $144.68.

In other news, Director Mark C. Vadon bought 15,000 shares of the business’s stock in a transaction dated Tuesday, November 29th. The stock was purchased at an average cost of $129.87 per share, with a total value of $1,948,050.00. Following the acquisition, the director now directly owns 31,095 shares in the company, valued at $4,038,307.65. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward P. Decker sold 20,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $130.80, for a total transaction of $2,616,000.00. Following the transaction, the executive vice president now directly owns 63,878 shares of the company’s stock, valued at $8,355,242.40. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

About Home Depot, Inc. (The)

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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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