Wealthstreet Investment Advisors LLC Has $4.53 Million Stock Position in Home Depot Inc (NYSE:HD)

Wealthstreet Investment Advisors LLC grew its stake in Home Depot Inc (NYSE:HD) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,796 shares of the home improvement retailer’s stock after purchasing an additional 1,494 shares during the quarter. Wealthstreet Investment Advisors LLC’s holdings in Home Depot were worth $4,533,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. NEXT Financial Group Inc lifted its stake in shares of Home Depot by 115.1% in the 2nd quarter. NEXT Financial Group Inc now owns 17,813 shares of the home improvement retailer’s stock valued at $3,705,000 after purchasing an additional 9,530 shares during the period. Cornerstone Advisors Inc. lifted its stake in shares of Home Depot by 28.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 5,112 shares of the home improvement retailer’s stock valued at $1,063,000 after purchasing an additional 1,128 shares during the period. Buckingham Capital Management Inc. lifted its stake in shares of Home Depot by 12.5% in the 1st quarter. Buckingham Capital Management Inc. now owns 33,119 shares of the home improvement retailer’s stock valued at $6,355,000 after purchasing an additional 3,682 shares during the period. Foster Victor Wealth Advisors LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $228,000. Finally, Nadler Financial Group Inc. lifted its stake in shares of Home Depot by 3.7% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,840 shares of the home improvement retailer’s stock valued at $591,000 after purchasing an additional 101 shares during the period. 69.72% of the stock is currently owned by institutional investors.

HD has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Home Depot from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Wells Fargo & Co increased their price target on Home Depot from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Morgan Stanley upped their price objective on shares of Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Royal Bank of Canada lowered their price objective on shares of Home Depot from $223.00 to $217.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $207.78.

Shares of HD traded up $3.39 during trading hours on Thursday, reaching $217.08. The stock had a trading volume of 1,049,548 shares, compared to its average volume of 2,723,725. The company has a current ratio of 1.04, a quick ratio of 0.26 and a debt-to-equity ratio of 17.68. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $219.30. The company’s 50-day moving average is $211.34. The company has a market cap of $238.37 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.00 and a beta of 1.12.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.10. The firm had revenue of $26.38 billion during the quarter, compared to analysts’ expectations of $26.34 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.08 EPS. Equities analysts forecast that Home Depot Inc will post 10.17 earnings per share for the current year.

In other Home Depot news, EVP Matt Carey sold 34,688 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the completion of the transaction, the executive vice president now owns 81,982 shares in the company, valued at approximately $16,567,742.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Carol B. Tome sold 26,334 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $189.17, for a total value of $4,981,602.78. Following the transaction, the chief financial officer now owns 519,253 shares of the company’s stock, valued at approximately $98,227,090.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,522 shares of company stock valued at $16,156,831. Corporate insiders own 0.27% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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