The Home Depot, Inc operates as a home improvement retailer. Institutional investors and hedge funds own 70.61% of the company’s stock. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $440,559,000. now owns 10,729,735 shares of the home improvement retailer’s stock valued at $3,211,731,000 after buying an additional 1,361,660 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Home Depot by 14.5% during the 1st quarter. Parnassus Investments LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at approximately $542,084,000. Renaissance Technologies LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at approximately $563,524,000. Norges Bank purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $4,325,629,000. Institutional investors have recently modified their holdings of the company. Insiders own 0.17% of the company’s stock. Insiders have sold a total of 11,933 shares of company stock worth $3,448,197 over the last 90 days. The disclosure for this purchase can be found here. Following the completion of the acquisition, the director now owns 1,500 shares in the company, valued at approximately $431,595. The stock was purchased at an average price of $287.73 per share, for a total transaction of $431,595.00. Also, Director Becker Caryn Seidman acquired 1,500 shares of the stock in a transaction that occurred on Monday, May 23rd. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Following the sale, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The stock was sold at an average price of $288.03, for a total value of $3,252,722.79. In related news, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction dated Tuesday, May 24th. On average, research analysts predict that Home Depot will post 16.47 earnings per share for the current year.
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During the same quarter last year, the firm earned $3.86 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The business had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $36.78 billion. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.42. Home Depot ( NYSE:HD – Get Rating) last announced its earnings results on Tuesday, May 17th. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $373.95. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. lowered their price objective on Home Depot from $406.00 to $365.00 in a research report on Wednesday, February 23rd. Edward Jones raised Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, February 25th. Wedbush lowered their price objective on Home Depot from $340.00 to $320.00 and set a “neutral” rating for the company in a research report on Wednesday, May 18th.
Baird lowered their price objective on Home Depot from $425.00 to $380.00 in a research report on Tuesday, February 22nd. UBS Group dropped their target price on Home Depot from $470.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. HD has been the topic of several other research reports. Evercore ISI’s target price would suggest a potential upside of 20.06% from the stock’s current price. Home Depot ( NYSE:HD – Get Rating) had its target price lowered by stock analysts at Evercore ISI to $360.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports.
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