The Home Depot, Inc. (The) (HD) Shares Bought by Usca Ria LLC, Report finds

The Home Depot, Inc. (The) (HD) Shares Bought by Usca Ria LLC, Report finds

A number of other institutional investors also recently made changes to their positions in HD. Edge Wealth Management LLC raised its position in shares of Home Depot, Inc. (The) by 0.3% in the third quarter. Edge Wealth Management LLC now owns 1,068 shares of the home improvement retailer’s stock worth $137,000 after buying an additional 3 shares during the last quarter. West Coast Financial LLC increased its position in Home Depot, Inc. (The) by 0.3% in the third quarter. West Coast Financial LLC now owns 1,760 shares of the home improvement retailer’s stock worth $226,000 after buying an additional 5 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its position in Home Depot, Inc. (The) by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,701 shares of the home improvement retailer’s stock worth $217,000 after buying an additional 9 shares in the last quarter. Piershale Financial Group Inc. increased its position in Home Depot, Inc. (The) by 0.5% in the third quarter. Piershale Financial Group Inc. now owns 2,270 shares of the home improvement retailer’s stock worth $292,000 after buying an additional 12 shares in the last quarter. Finally, Cape ANN Savings Bank increased its position in Home Depot, Inc. (The) by 0.7% in the third quarter. Cape ANN Savings Bank now owns 1,759 shares of the home improvement retailer’s stock worth $226,000 after buying an additional 12 shares in the last quarter. 71.67% of the stock is owned by hedge funds and other institutional investors.

Usca Ria LLC increased its position in Home Depot, Inc. (The) (NYSE:HD) by 19.1% during the third quarter, Holdings Channel reports. The fund owned 17,882 shares of the home improvement retailer’s stock after buying an additional 2,870 shares during the period. Usca Ria LLC’s holdings in Home Depot, Inc. (The) were worth $2,301,000 as of its most recent filing with the SEC.

Home Depot, Inc. (NYSE:HD) traded up 0.82% during trading on Friday, hitting $139.85. 3,296,963 shares of the stock traded hands. The company has a 50-day moving average price of $136.35 and a 200-day moving average price of $131.84. Home Depot, Inc. has a 12 month low of $117.70 and a 12 month high of $140.57. The stock has a market cap of $170.36 billion, a PE ratio of 22.70 and a beta of 1.09.

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

A number of equities analysts have recently commented on HD shares. Zacks Investment Research downgraded shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Piper Jaffray Companies downgraded shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $152.00 to $121.00 in a research note on Monday, October 31st. Macquarie restated a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, November 1st. Vetr downgraded shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $129.26 price objective for the company. in a research note on Wednesday, November 9th. Finally, Bank of America Corporation restated a “buy” rating and set a $128.72 price objective (up from $127.67) on shares of Home Depot, Inc. (The) in a research note on Tuesday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $144.53.

In other news, Director Mark C. Vadon bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The shares were acquired at an average price of $129.87 per share, with a total value of $1,948,050.00. Following the acquisition, the director now owns 31,095 shares of the company’s stock, valued at approximately $4,038,307.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Holifield sold 15,606 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $128.39, for a total transaction of $2,003,654.34. Following the sale, the executive vice president now directly owns 39,499 shares in the company, valued at approximately $5,071,276.61. The disclosure for this sale can be found here. Corporate 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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