The The Home Depot Inc. (HD) Shares Sold by Boston Advisors LLC

The The Home Depot Inc. (HD) Shares Sold by Boston Advisors LLC

Boston Advisors LLC reduced its stake in shares of The Home Depot Inc. (NYSE:HD) by 39.5% during the third quarter, Holdings Channel reports. The firm owned 149,959 shares of the home improvement retailer’s stock after selling 97,750 shares during the period. Boston Advisors LLC’s holdings in The Home Depot were worth $19,297,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pillar Pacific Capital Management LLC raised its stake in The Home Depot by 1.6% in the second quarter. Pillar Pacific Capital Management LLC now owns 57,469 shares of the home improvement retailer’s stock valued at $7,339,000 after buying an additional 904 shares during the period. Capital Investment Advisors LLC raised its stake in shares of The Home Depot by 0.4% in the second quarter. Capital Investment Advisors LLC now owns 169,358 shares of the home improvement retailer’s stock worth $21,625,000 after buying an additional 751 shares during the last quarter. Badgley Phelps & Bell Inc. raised its stake in shares of The Home Depot by 0.3% in the second quarter. Badgley Phelps & Bell Inc. now owns 95,109 shares of the home improvement retailer’s stock worth $12,144,000 after buying an additional 326 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of The Home Depot by 0.9% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,048,386 shares of the home improvement retailer’s stock worth $261,558,000 after buying an additional 19,139 shares during the last quarter. Finally, Rockland Trust Co. raised its stake in shares of The Home Depot by 0.9% in the second quarter. Rockland Trust Co. now owns 117,354 shares of the home improvement retailer’s stock worth $14,985,000 after buying an additional 1,069 shares during the last quarter. 70.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Home Depot Inc. (NYSE:HD) opened at 135.60 on Friday. The company’s 50-day moving average price is $133.77 and its 200 day moving average price is $131.26. The company has a market cap of $165.18 billion, a P/E ratio of 22.01 and a beta of 1.09. The Home Depot Inc. has a one year low of $109.62 and a one year high of $139.00.

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

A number of brokerages have recently commented on HD. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $140.00 price target on shares of The Home Depot in a research note on Thursday, December 22nd. Zacks Investment Research lowered The Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday. Vetr lowered The Home Depot from a “sell” rating to a “strong sell” rating and set a $119.51 price target on the stock. in a research note on Thursday, December 22nd. Wedbush reissued a “neutral” rating and set a $145.00 price target on shares of The Home Depot in a research note on Friday, December 16th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $148.00 price target on shares of The Home Depot in a research note on Wednesday, December 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $144.68.

In other The Home Depot news, Director Jeffery H. Boyd acquired 10,000 shares of the company’s stock in a transaction on Friday, November 18th. The stock was acquired at an average price of $128.27 per share, for a total transaction of $1,282,700.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $1,282,700. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward P. Decker sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $130.80, for a total value of $2,616,000.00. Following the completion of the sale, the executive vice president now owns 63,878 shares of the company’s stock, valued at approximately $8,355,242.40. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

About The Home Depot

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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