Zeke Capital Advisors LLC Buys 116 Shares of Home Depot Inc (NYSE:HD)

Zeke Capital Advisors LLC boosted its stake in shares of Home Depot Inc (NYSE:HD) by 0.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,277 shares of the home improvement retailer’s stock after purchasing an additional 116 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Home Depot were worth $4,217,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in Home Depot by 1.6% in the second quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock worth $635,000 after purchasing an additional 49 shares during the period. First Command Financial Services Inc. lifted its position in Home Depot by 0.9% in the second quarter. First Command Financial Services Inc. now owns 5,608 shares of the home improvement retailer’s stock worth $1,167,000 after purchasing an additional 50 shares during the period. Canton Hathaway LLC lifted its position in Home Depot by 4.3% in the second quarter. Canton Hathaway LLC now owns 1,202 shares of the home improvement retailer’s stock worth $250,000 after purchasing an additional 50 shares during the period. Mercer Capital Advisers Inc. lifted its position in Home Depot by 1.9% in the second quarter. Mercer Capital Advisers Inc. now owns 2,730 shares of the home improvement retailer’s stock worth $568,000 after purchasing an additional 50 shares during the period. Finally, KG&L Capital Management LLC lifted its position in Home Depot by 3.0% in the second quarter. KG&L Capital Management LLC now owns 1,746 shares of the home improvement retailer’s stock worth $363,000 after purchasing an additional 51 shares during the period. 69.74% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Matt Carey sold 34,688 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the completion of the sale, the executive vice president now directly owns 81,982 shares in the company, valued at $16,567,742.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 13,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the completion of the sale, the executive vice president now owns 64,575 shares of the company’s stock, valued at $12,482,347.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,522 shares of company stock valued at $16,156,831. 0.27% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on HD shares. Goldman Sachs Group started coverage on Home Depot in a research report on Thursday, July 11th. They issued a “buy” rating and a $235.00 target price for the company. Telsey Advisory Group reiterated a “market perform” rating and set a $192.00 price objective on shares of Home Depot in a research note on Wednesday, May 1st. Royal Bank of Canada dropped their price objective on Home Depot from $223.00 to $217.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Wedbush set a $190.00 price objective on Home Depot and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Finally, Bank of America reiterated a “neutral” rating and set a $202.00 price objective on shares of Home Depot in a research note on Thursday, April 11th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Home Depot has a consensus rating of “Buy” and a consensus price target of $207.78.

Shares of NYSE:HD traded up $1.94 during midday trading on Tuesday, reaching $206.88. The company’s stock had a trading volume of 139,509 shares, compared to its average volume of 2,924,881. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $219.30. The company has a market capitalization of $233.43 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.95 and a beta of 1.12. The stock’s fifty day simple moving average is $212.07.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company had revenue of $26.38 billion during the quarter, compared to analyst estimates of $26.34 billion. During the same period last year, the company posted $2.08 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that Home Depot Inc will post 10.17 EPS for the current year.

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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