Candriam Luxembourg S.C.A. Sells 63,074 Shares of Home Depot Inc (NYSE:HD)

Candriam Luxembourg S.C.A. trimmed its position in shares of Home Depot Inc (NYSE:HD) by 26.7% in the third quarter, Holdings Channel reports. The fund owned 173,235 shares of the home improvement retailer’s stock after selling 63,074 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Home Depot were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in HD. Nuveen Asset Management LLC lifted its stake in shares of Home Depot by 3,457.2% in the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock valued at $2,005,132,000 after buying an additional 9,370,409 shares during the period. Morgan Stanley lifted its stake in shares of Home Depot by 0.5% in the second quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after buying an additional 44,258 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Home Depot by 0.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock valued at $1,488,431,000 after buying an additional 25,410 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Home Depot by 8.7% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 5,952,239 shares of the home improvement retailer’s stock valued at $1,632,392,000 after buying an additional 478,602 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Home Depot by 2.4% in the second quarter. Janus Henderson Group PLC now owns 5,536,321 shares of the home improvement retailer’s stock valued at $1,151,422,000 after buying an additional 127,532 shares during the period. Institutional investors own 69.96% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Wedbush reiterated a “neutral” rating and issued a $230.00 target price (up previously from $190.00) on shares of Home Depot in a research note on Wednesday, August 21st. SunTrust Banks reiterated a “hold” rating and issued a $208.00 target price on shares of Home Depot in a research note on Wednesday, August 21st. ValuEngine cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada increased their target price on shares of Home Depot from $229.00 to $233.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Finally, Gabelli cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and an average target price of $228.24.

HD traded down $0.50 during midday trading on Monday, reaching $237.43. 298,869 shares of the company’s stock were exchanged, compared to its average volume of 3,486,580. The firm has a market capitalization of $259.30 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. Home Depot Inc has a one year low of $158.09 and a one year high of $238.73. The business has a 50-day simple moving average of $230.02 and a two-hundred day simple moving average of $211.17.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.05 earnings per share. Analysts predict that Home Depot Inc will post 10.12 EPS for the current fiscal year.

In other news, CFO Carol B. Tome sold 145,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the completion of the sale, the chief financial officer now owns 496,374 shares of the company’s stock, valued at $108,725,760.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP William G. Lennie sold 9,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the sale, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 177,508 shares of company stock valued at $39,076,428. Company insiders own 0.27% of the company’s stock.

Home Depot 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.

Featured Story: What is an investor looking for in an SEC filing?

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.