The Home Depot, Inc. (The) (HD) Stake Increased by Two Sigma Advisers LP, Report finds

The Home Depot, Inc. (The) (HD) Stake Increased by Two Sigma Advisers LP, Report finds

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cohen & Steers Inc. boosted its stake in Home Depot, Inc. (The) by 37,680.1% in the second quarter. Cohen & Steers Inc. now owns 35,400,000 shares of the home improvement retailer’s stock valued at $32,480,000 after buying an additional 35,306,300 shares during the period. Bank of Montreal Can purchased a new stake in Home Depot, Inc. (The) during the second quarter valued at $337,042,000. Acadian Asset Management LLC boosted its stake in Home Depot, Inc. (The) by 261.8% in the third quarter. Acadian Asset Management LLC now owns 670,707 shares of the home improvement retailer’s stock valued at $86,305,000 after buying an additional 485,349 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in Home Depot, Inc. (The) during the second quarter valued at $60,640,000. Finally, BlackRock Fund Advisors boosted its stake in Home Depot, Inc. (The) by 2.7% in the third quarter. BlackRock Fund Advisors now owns 17,214,514 shares of the home improvement retailer’s stock valued at $2,215,164,000 after buying an additional 453,490 shares during the period. 71.67% of the stock is owned by hedge funds and other institutional investors.

Two Sigma Advisers LP raised its stake in Home Depot, Inc. (The) (NYSE:HD) by 6.9% during the third quarter, Holdings Channel reports. The fund owned 1,904,306 shares of the home improvement retailer’s stock after buying an additional 122,996 shares during the period. Home Depot, Inc. (The) comprises about 1.0% of Two Sigma Advisers LP’s holdings, making the stock its 3rd largest position. Two Sigma Advisers LP owned approximately 0.15% of Home Depot, Inc. (The) worth $245,046,000 as of its most recent filing with the SEC.

Home Depot, Inc. (NYSE:HD) traded up 0.60% during midday trading on Thursday, reaching $138.71. The company had a trading volume of 2,931,873 shares. The stock has a market capitalization of $168.97 billion, a PE ratio of 22.52 and a beta of 1.09. Home Depot, Inc. has a 12-month low of $113.52 and a 12-month high of $139.37. The company has a 50-day moving average of $136.21 and a 200-day moving average of $131.82.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data 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 firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.05 billion. Home Depot, Inc. (The) had a return on equity of 123.29% and a net margin of 8.23%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.36 EPS. On average, analysts predict that Home Depot, Inc. will post $6.34 EPS for the current fiscal year.

Several research firms have recently weighed in on HD. Bank of America Corporation restated a “buy” rating and set a $128.72 price target (up from $127.67) on shares of Home Depot, Inc. (The) in a report on Tuesday, November 15th. Vetr cut Home Depot, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $119.51 target price on the stock. in a report on Thursday, December 22nd. Wedbush reiterated a “neutral” rating and issued a $145.00 target price on shares of Home Depot, Inc. (The) in a report on Friday, December 16th. Citigroup Inc reiterated a “buy” rating on shares of Home Depot, Inc. (The) in a report on Wednesday, December 28th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $149.00 target price on shares of Home Depot, Inc. (The) in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $144.53.

In related news, EVP Edward P. Decker sold 20,000 shares of Home Depot, Inc. (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 transaction of $2,616,000.00. Following the sale, the executive vice president now directly owns 63,878 shares in the company, valued at $8,355,242.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffery H. Boyd purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were purchased at an average price of $128.27 per share, for a total transaction of $1,282,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $1,282,700. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by company insiders.

Home Depot, Inc. (The) Company Profile

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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