Single Point Partners LLC Trims Holdings in Home Depot Inc (NYSE:HD)

Single Point Partners LLC decreased its holdings in Home Depot Inc (NYSE:HD) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,870 shares of the home improvement retailer’s stock after selling 81 shares during the quarter. Single Point Partners LLC’s holdings in Home Depot were worth $469,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Home Depot during the 1st quarter worth $153,000. Foundations Investment Advisors LLC raised its position in Home Depot by 17.7% during the 1st quarter. Foundations Investment Advisors LLC now owns 3,298 shares of the home improvement retailer’s stock worth $589,000 after buying an additional 495 shares during the last quarter. Budros Ruhlin & Roe Inc. raised its position in Home Depot by 20.6% during the 1st quarter. Budros Ruhlin & Roe Inc. now owns 6,718 shares of the home improvement retailer’s stock worth $1,254,000 after buying an additional 1,147 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Home Depot by 10.2% during the 1st quarter. Cornerstone Wealth Management LLC now owns 3,099 shares of the home improvement retailer’s stock worth $579,000 after buying an additional 286 shares during the last quarter. Finally, Natixis Advisors L.P. raised its position in Home Depot by 0.9% during the 1st quarter. Natixis Advisors L.P. now owns 412,064 shares of the home improvement retailer’s stock worth $76,936,000 after buying an additional 3,715 shares during the last quarter. Institutional investors own 69.65% of the company’s stock.

HD has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Home Depot from $245.00 to $260.00 and gave the stock an “overweight” rating in a research note on Monday, June 22nd. Piper Sandler upped their price target on shares of Home Depot from $231.00 to $236.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. They noted that the move was a valuation call. Raymond James upped their price target on shares of Home Depot from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Jefferies Financial Group upped their price target on shares of Home Depot from $228.00 to $269.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price target on the stock in a research note on Monday, June 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $256.30.

In other news, EVP William G. Lennie sold 17,993 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the transaction, the executive vice president now directly owns 54,405 shares in the company, valued at approximately $12,840,668.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Shares of Home Depot stock traded down $0.82 during mid-day trading on Friday, hitting $265.49. 3,640,388 shares of the stock were exchanged, compared to its average volume of 2,813,202. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $269.07. The stock has a market capitalization of $285.54 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The company has a 50-day simple moving average of $252.21 and a 200 day simple moving average of $229.53.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The firm had revenue of $28.26 billion for the quarter, compared to analyst estimates of $27.59 billion. During the same period in the prior year, the business earned $2.27 earnings per share. Home Depot’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that Home Depot Inc will post 10.09 earnings per share for the current year.

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 d├ęcor 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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