Professional Planning Sells 744 Shares of Home Depot Inc (NYSE:HD)

Professional Planning decreased its holdings in shares of Home Depot Inc (NYSE:HD) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,736 shares of the home improvement retailer’s stock after selling 744 shares during the period. Home Depot comprises approximately 4.1% of Professional Planning’s holdings, making the stock its 9th largest position. Professional Planning’s holdings in Home Depot were worth $3,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Evolution Wealth Advisors LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $31,000. Virtus ETF Advisers LLC bought a new position in shares of Home Depot in the fourth quarter valued at approximately $32,000. Thor Advisors LLC purchased a new stake in Home Depot in the first quarter valued at approximately $32,000. Enlightenment Research LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $34,000. Finally, Private Ocean LLC raised its stake in Home Depot by 53.3% in the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock valued at $36,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

In other news, EVP Timothy A. Hourigan sold 13,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $193.30, for a total transaction of $2,512,900.00. Following the sale, the executive vice president now owns 64,575 shares in the company, valued at approximately $12,482,347.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Carol B. Tome sold 26,334 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $189.17, for a total transaction of $4,981,602.78. Following the sale, the chief financial officer now owns 519,253 shares in the company, valued at approximately $98,227,090.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,522 shares of company stock worth $16,156,831. 0.27% of the stock is owned by insiders.

A number of equities research analysts recently weighed in on the stock. Bank of America reaffirmed a “neutral” rating and issued a $202.00 target price on shares of Home Depot in a research note on Thursday, April 11th. Robert W. Baird reaffirmed a “positive” rating on shares of Home Depot in a research note on Thursday, April 25th. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $192.00 target price on shares of Home Depot in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus raised their target price on shares of Home Depot from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $207.78.

Shares of NYSE HD traded down $1.14 during mid-day trading on Friday, hitting $211.69. The stock had a trading volume of 1,525,755 shares, compared to its average volume of 2,674,323. 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 1 year low of $158.09 and a 1 year high of $219.30. The business’s 50 day moving average price is $211.62. The stock has a market capitalization of $234.17 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 2.00 and a beta of 1.12.

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

About Home Depot

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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