The Home Depot (NYSE:HD) Holding Reduced by Boston Family Office LLC

The Home Depot (NYSE:HD) Holding Reduced by Boston Family Office LLC

Boston Family Office LLC lowered its stake in The Home Depot (NYSE:HD) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,075 shares of the home improvement retailer’s stock after selling 1,200 shares during the period. Boston Family Office LLC’s holdings in The Home Depot were worth $3,426,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in The Home Depot by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,133,380 shares of the home improvement retailer’s stock worth $512,473,000 after acquiring an additional 8,344 shares during the period. HM Payson & Co. grew its holdings in The Home Depot by 88.2% during the 3rd quarter. HM Payson & Co. now owns 143,617 shares of the home improvement retailer’s stock worth $23,490,000 after acquiring an additional 67,309 shares during the period. Marietta Wealth Management LLC grew its holdings in shares of The Home Depot by 22.5% in the 3rd quarter. Marietta Wealth Management LLC now owns 19,382 shares of the home improvement retailer’s stock valued at $3,170,000 after buying an additional 3,556 shares during the period. Trillium Asset Management LLC grew its holdings in shares of The Home Depot by 4.4% in the 4th quarter. Trillium Asset Management LLC now owns 125,461 shares of the home improvement retailer’s stock valued at $23,778,000 after buying an additional 5,328 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of The Home Depot by 7.6% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 54,259 shares of the home improvement retailer’s stock valued at $8,875,000 after buying an additional 3,854 shares during the period. 70.87% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Craig A. Menear sold 113,687 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total value of $20,894,533.73. Following the transaction, the chief executive officer now owns 237,957 shares in the company, valued at approximately $43,734,117.03. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gregory D. Brenneman purchased 16,827 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The stock was bought at an average price of $178.29 per share, for a total transaction of $3,000,085.83. Following the purchase, the director now owns 46,332 shares in the company, valued at approximately $8,260,532.28. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 169,027 shares of company stock worth $31,220,882. 0.25% of the stock is owned by insiders.

Several equities analysts have recently issued reports on the stock. Credit Suisse Group boosted their price target on shares of The Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Gabelli assumed coverage on shares of The Home Depot in a report on Wednesday, April 11th. They issued a “buy” rating and a $206.00 price target for the company. Bank of America reissued a “buy” rating and issued a $190.60 price target (down previously from $219.00) on shares of The Home Depot in a report on Tuesday, February 20th. Wells Fargo assumed coverage on shares of The Home Depot in a report on Monday, April 23rd. They issued an “outperform” rating and a $205.00 price target for the company. Finally, Zacks Investment Research lowered shares of The Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $194.80.

Shares of HD stock opened at $185.04 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69. The stock has a market capitalization of $216.07 billion, a PE ratio of 24.80, a PEG ratio of 1.48 and a beta of 1.14. The Home Depot has a 52-week low of $144.25 and a 52-week high of $207.60.

The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.07. The company had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The Home Depot’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. equities analysts forecast that The Home Depot will post 9.43 earnings per share for the current year.

The Home Depot Profile

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